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Antimony Price
The Antimony prices and rates shown reflect the standard retail rate for individual investors and is consistent with typical market pricing. For larger orders of antimony, whether for investment purposes or industrial use, please get in touch with us to receive a tailored quote. These quotes are obtained from an industry supplier by an API.
Current reference price: $58.17/kg
Key Price Drivers
Chinese Export Controls
China dominates roughly 35% of global mine output and controls the majority of downstream processing. Export restrictions introduced in late 2024 triggered a 400% price surge - and trade policy remains the single largest short-term price variable.
Defence and Energy Storage Demand
Surging demand from military procurement (ammunition, infrared systems, night-vision equipment) and grid-scale energy storage is broadening antimony's demand base well beyond its traditional flame-retardant applications.
Structural Mine Supply Constraints
Global production has declined due to ore depletion, stricter environmental regulations in China, and instability in secondary producers including Russia and Myanmar - meaning supply cannot easily respond to price signals even at historic highs.
Strategic Designation
Classification as a critical mineral by the U.S., EU, and UK - combined with near-zero domestic production in Western nations and a 91% U.S. import reliance - is driving government stockpiling and long-term supply security investment.
Learn more about gallium, its key applications, and long-term investment potential in our guide to investing in antimony.
Antimony Price Trends & Forecast
Antimony spent most of the 2010s as a quiet industrial metal. Prices were soft, China dominated production, and demand from flame retardants, lead-acid battery alloys, and ammunition was steady enough that supply security was not a concern. The average price in 2023 sat around $5.60 per pound – unremarkable by any measure.
That changed fast. Export licensing controls came into force in September 2024, covering raw materials, refined metal, and high-purity oxides. Then in December 2024, China escalated. As direct retaliation for new US semiconductor restrictions, China banned antimony shipments to the US entirely – the first time critical mineral export controls were targeted specifically at the United States. The price reaction was extreme: antimony went from around $1,400 per metric ton before the controls to $38,000 by September 2024, and $51,500 by early 2025 – what Fastmarkets called the sharpest rally on record since they began tracking the metal in the 1980s.
In November 2025, China paused the ban until late 2026 as part of a broader trade de-escalation. But market participants remain cautious, with intensified customs inspections and little certainty about what comes next.
The structural case for firm prices is straightforward. China produced around 40,000 of the world’s 83,000 tonnes of antimony in 2023, and that output has been declining for years. Russia is under sanctions, Myanmar is unstable, and the US has no domestic production. Any renewed friction in the trade relationship puts prices back under immediate pressure.