Re: Silverado's Antimony could be a huge factor next year - 2010
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Message: Re: Silverado's Antimony could be a huge factor next year - 2010
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ANTIMONY is metal that is used primarily in plastics as
a flame retardant. It is also used in bearings, ordinance,
porcelain, glass, batteries, textile goods, elastomer's, and
numerous other applications. The domestic market for
antimony oxide is approximately 70,000,000 pounds per
year (valued at more than $200,000,000), and is growing
at an annual rate of 6.8% per year. Antimony metal,
sodium antimonate, and various other products account
for another 20,000,000 pounds per year.
The Chinese supply 89% of the world production of antimony ore. China's production is declining, and the country is consuming more of their own production. As a result, metal prices have risen to a 20-year high of almost $3.00 per pound.
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