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China Has Started Hoarding This Critical Military Metal

August 19, 2024
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China Has Started Hoarding This Critical Military Metal

One of the most important metals for combat purposes is antimony. And it’s about to become a lot more scarce.

What’s happening:

  • The government of China has announced they will be significant limiting the exportation of antimony for the first time ever

The big idea:

  • Antimony is a critical metal used primarily for military purposes and is an important material input for the manufacturing of grenades, ammunition and even night vision goggles
  • The occurrence of antimony in its natural state is more rare than tin, arsenic and other rare earth metals globally

Why it matters:

  • China’s recent ban of antinomy exports will dramatically accelerate the importance of finding North American based supply of antimony for both the United States and Canada’s military forces

By the numbers:

  • China produces approximately 48% of all the antimony supply globally
  • About 90% of all the antimony supply globally comes from China, Russia and Tajikistan

Who is making moves:

  • Perpetua Resources (TSX: PPTA) is one of the few publicly traded companies who is advancing a antimony mining project, which has received backing from both the Pentagon and the Export-Import Bank of The United States

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