While last year many market participants were confident that production costs would provide a floor for the antimony market, they are now contemplating the prospect that prices may drop as low as the $6,000s.
“Last year we thought $8,000-10,000 per tonne was the range antimony would trade in, and it did stay in that range, but this year it looks like $6,000-8,000 will be the new range,” a trader based in Europe said.
The drop in antimony prices has in part been accelerated by a sharp fall in offer prices from some producers in China, who need to repay loans before the end of the year.
This comes after a pause in stockpiling on the Fanya exchange, resulting from policy changes in the...
