As the only bidder at the auction, it came as no surprise that China Minmetals won the auction of the entire antimony stock at a price of around 546 million yuan ($76.28 million), according to the official auction result posted on the Alibaba judicial online platform.
This works out at a price of 29,264 yuan per tonne, much lower than the current antimony spot price in China.
Fastmarkets’ price assessment of antimony MMTA standard grade II, ddp China was 36,000-37,000 yuan per tonne on Wednesday August 28, down by 1.4% from 36,500-37,500 yuan per tonne a week before.
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