CSE : MAXM   |   FWB: R7V

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CSE : MAXM

FWB : R7V  |  OTC : MXMGF

Maxus mining

Antimony
market

ANTIMONY
MARKET

Antimony’s Global Significance

Antimony’s Global Significance

Antimony is a critical input for the defense industry, particularly for armor-piercing ammunition, night vision goggles, infrared sensors, bullets, and precision optics, and the electronics industry, including semiconductors, cables, and batteries. 

  • China is the world’s leading producer of antimony, accounting for 48% of global production and 63% of U.S. antimony imports. The likelihood of antimony supply disruptions has now increased significantly, necessitating the western world to quickly secure antimony supply chains from non-Chinese sources.

  • In 2024, China announced export restrictions on antimony to restrict critical mineral shipments globally in the name of national security. 1

COUNTRIES WITH LARGEST RESERVES OF ANTIMONY WORLDWIDE AS OF 2023 (METRIC TONS)2

Countries with largest antimony reserves worldwide as of 2023 in metric tons bar chart — Maxus Mining

Source 1 : CSIS – Chinas Antimony Export Restrictions – Link
Source 2 : Carbon Credits – Future of Antimony Supply Chain – Link

Strategic Metal

Antimony’s Hidden Role in Defense

As China produces an astonishing ~70% of the world’s rare earth minerals and controls nearly 50% of the global antimony supply, the new export restrictions pose a major supply shortage for the U.S:

American manufacturers use more than 50 million pounds of antimony each year for fireproofing compounds, batteries, ammunition, electronics, specialty glass, and other products, according to MetalTech.3 Antimony (Sb), a critical metalloid, is a key element of the American war machine, essential for:

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7
3
2
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1
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Source 3 :Global Antimony Shortage – Link

GLOBAL ANTIMONY MARKET SHARE BY APPLICATION, 2023

6%

CERAMICS & GLASS

15%

CHEMICALS & ALLOYS

60%

FLAME RETARDANTS

Source 4 : Fortune Business Insights – Antimony Market – Link

15%

LEAD ACID BATTERIES

4%

OTHERS

rising ANTIMONY MARKET

$ 0 B

Global Antimony Market Size, 2024

$ 0 B

Global Antimony Market Size, 2032

0 %

cagr market acceleration6

Antimony prices have surged since April 2024 due to a severe supply shortage. According to Fastmarkets, prices in Rotterdam rose at their fastest rate in over 40 years.5

Source 5: Link   Source 6: Link  

A Crucial Catalyst for Renewable Energy

SOLAR PANELS

In solar panels antimony enhances the efficiency of perovskite solar cells by improving light absorption and charge transport. Additionally, antimony compounds increase thermal stability, allowing panels to endure extreme conditions without frequent replacements. The EIA projects solar capacity to reach over 300 GW by 2030 and around 700 GW by 2050.7

Liquid-metal batteries

Liquid-metal batteries, a promising solution for storing solar energy, depend on antimony’s unique properties. These batteries enable efficient capture and distribution of excess solar power, addressing the intermittency challenges of renewable energy sources.7

PROJECTIONS FROM EIA ANNUAL ENERGY OUTLOOK VS ACTUALS FROM EIA MONTHLY ENERGY REVIEW

EIA solar capacity projections vs actuals 2015 to 2050 in gigawatts chart — Maxus Mining

Source 7: Carbon Credits – Antimony the Unsung Hero – Link

 

Frequently Asked Questions — Antimony Market

Antimony (Sb) is a critical metalloid used primarily as a flame retardant in electronics and textiles, as a hardening agent in lead-acid batteries, and as a key material in defense applications including armor-piercing ammunition, night vision goggles, infrared sensors, and precision optics. American manufacturers alone use more than 50 million pounds of antimony each year across fireproofing compounds, batteries, ammunition, electronics, and specialty glass.
Antimony is classified as a critical mineral by the United States, Canada, and the European Union because it has no viable substitute in several defense and energy applications and because global supply is heavily concentrated. China accounts for approximately 48% of global antimony production and 63% of US antimony imports, creating significant supply chain vulnerability for western nations dependent on the metal for national security applications.
In 2024, China announced export restrictions on antimony citing national security concerns, triggering a severe supply shortage in western markets. According to Fastmarkets, antimony prices in Rotterdam rose at their fastest rate in over 40 years following these restrictions. The global antimony market was valued at USD 1.22 billion in 2026 and is projected to reach USD 2.01 billion by 2034, growing at a CAGR of 5.80%, according to Fortune Business Insights.
Antimony plays a growing role in renewable energy through two key applications. In solar panels, antimony compounds improve light absorption and thermal stability in perovskite solar cells, allowing panels to withstand extreme conditions without frequent replacement. The EIA projects solar capacity to reach over 300 GW by 2030 and around 700 GW by 2050. In liquid-metal batteries, antimony enables efficient storage and distribution of excess solar power, addressing the intermittency challenges of renewable energy sources.
Maxus Mining Inc. (CSE: MAXM | OTC: MXMGF | FWB: R7V) holds three antimony projects in British Columbia, Canada — the Alturas, Hurley, and Quarry properties — totalling over 8,900 hectares of prospective terrain. The flagship Alturas Antimony Project returned high-grade naturally occurring antimony up to 69.98% Sb, one of the highest grades reported in recent Canadian exploration. The Hurley Antimony Project is adjacent to Endurance Gold Corp.’s Reliance Gold Project, where 2024 drilling reported 9.2% Sb and 2.16 g/t Au over 0.5 metres.
Investors
quarry Antimony
alturas antimony
hurley antimony
lotto tungsten
Maxus mining

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