Why Antimony Is Acting Like a Rare Earth Element

Proactive Investor submits:

Not a day goes by when China is not mentioned in the papers. This new global powerhouse has been flexing its muscles on multiple fronts, including politics and economics. Recently the country has asserted itself by withholding limiting exports of rare earth elements (REE) -- crucial metals produced almost exclusively in China. It cut exports from 50,000 tons in 2009 to 30,000 tons in 2010. This has led buyers around the world scrambling for new supplies and substitutes.

Antimony is another metal produced largely in China; greater than 90% of the metal is produced in the country. It is not a rare earth, but has seen its price skyrocket as supplies are squeezed. Even as Chinas exports of antimony ingots rose by 13% year-over-year in 2010, the latest price is up 45% since August and 230% since April of 2009, standing at $13,600/$14,200 a ton in mid-February. Demand is increasing


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