Like any other mineral commodity, Antimony’s cost is anything but constant. You have to think about the mineral’s demand in an array of applications. Well, that and a few other pricing factors like the antimony type, availability, regulations, uses, cost of production, etc. The ‘lonely element’s’ value is not open to question given its wholesome properties and increased customer’s thirst. Is antimony high value? Easy yes, given the skyrocketing number of uses and the unmatched limited production. What does the Antimony pricing look like in 2023? Let’s get the ball rolling!
Is Antimony Expensive?
Simply put, rare is expensive. In fact, this mineral is extracted in far less amounts compared to a wide range of others like arsenic and tin. Still, it is popular in the medical field and other industries. The amounts of the element produced are too limited to meet the surge in demand so it has to be alloyed with other elements. The most common type in the current market is the antimony trioxide. Of course, pure antimony is more valuable and therefore pricier.
What Is the Average Antimony Price?
The extraction cost of this element is one of the dominating factors of the average market price of aluminum. As per 2023, one pound of antimony will cost you anywhere from $2.72 – $6.80. Other factors affect the actual price. For instance, the price is significantly higher in regions that are not rich in antimony as you have to factor in the transportation or shipping cost. Also, currency conversion rates can have some impact on the market prices.
Factors Affecting Antimony Pricing
Antimony mining like any other mineral extraction process has its own cost. The advanced extraction equipment, labor costs, refining processes, transportation, and energy expenses push the prices even higher.
Some antimony applications demand high purity grades. The various alloys in the current market come each at its own price. At the end of the day, how deep you dig into your pockets boils down to your application’s concentration requirements. The purer an alloy is, the higher it will cost.
There are fluctuating emerging trends in the commodity’s market that spearhead the antimony prices. Changing currency exchange rates, global pandemics, technological advancements and new application demands are just but a few factors that have had a significant impact in the current antimony market.
The Supply – Demand Ratio
The ‘lonely’ element has a wide array of uses ranging from the manufacture of batteries, cables, printing presses etc. The number of these applications is projected to increase even more with time. Seeing that even the antimony alloys available cannot fully meet the rising demand, there is a scramble for the minimal amounts available hence the increased value.
Regulations and Policies
Today, there are different regulations put up to control mining methods based on their impact to the environment. For instance, dominating antimony-rich regions like China are establishing more stringent extraction measures which in turn have led to a more limited supply and increased production cost.
What Is Antimony’s Value In 2023?
There is no straightforward way to answer this question. Nevertheless, some sectors like the semiconductor and batteries industries would barely exist without antimony. These are just a few. Despite various challenges facing the current antimony market, its value remains undeniable. Interestingly, this element is closely similar in importance to gold.
There is a foreseeable great future if you are planning to dive into the antimony business. Whether you are planning to use it for manufacturing products or production of different antimony alloys, ensure you work with a credible supplier. Contact or email HUBEI OUSHI METAL CO., LTD today for various optimum quality antimony purities and grades.