12/14/2022 0 Comments Antimony mining companiesMajor players in the antimony market are BASF SE, Campine NV, Huachang Antimony Industry, AMG Advanced Metallurgical Group, Hunan Chenzhou Mining Group Co. With this acquisition, Far East Antimony aims to develop the Solonechenskoye deposit, which is one of the largest undeveloped antimony deposits in the world. In 2021, Far East Antimony Ltd acquired the Solonechenskoye antimony property, located in the Zabaikalsky Krai region of Far Eastern Russia. Both companies benefit from the mine's proximity to US Antimony's processing facilities. This potential partnership would provide the only antimony products mined and refined in the United States. In May 2021, United States Antimony, a company that produces antimony and sells antimony products, and Perpetua, a mining company that is based in the United States, signed a collaboration agreement. The joint venture intends to produce 2.2 tonnes of gold, 15,000 tonnes of antimony, and 6,000 tonnes of antimony oxide each year. For instance, in August 2019, Tibet Huayu Mining, a Chinese company that is principally engaged in mining, ore dressing, geological survey and trading businesses of nonferrous metal and TALCO Gold, a Tajikistan state-owned aluminum producing company, entered into a joint venture. Companies producing antimony are undergoing partnerships and collaborations to develop new technologies and antimony products. Strategic collaborations and joint ventures between companies is a key trend gaining popularity in the antimony market. Therefore, a rise in fire incidents and stringent fire safety regulations drive the antimony market. According to the NFPA, there was a 23% increase in fire-related deaths in 2020 from 2012. According to the National Fire Protection Association (NFPA), there were 1,388,500 fires in the United States in 2020, with 3,500 civilian deaths and 15,200 injuries. As a result of an increase in fire accidents, demand for fire safety regulations, led to an increase in antimony production as antimony is commonly used as a flame inhibitor in fire-resistant apparel, flame retardants, and various fire protection systems. According to fire safety rules, prevention is the first step in avoiding fire-related accidents. The increasing fire accidents and stringent fire safety regulations are expected to propel the growth of the antimony market. The global antimony market is expected to reach $5.53 billion in 2026 at a CAGR of 7.65%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global antimony market size is expected to grow from $3.88 billion in 2021 to $4.12 billion in 2022 at a compound annual growth rate (CAGR) of 6.23%. The various end user industries of antimony are chemical, automotive, electrical & electronics, and other industries. Antimony is used in various applications such as flame retardants, plastic additives, lead acid batteries, glass and ceramics, and others. The main types of antimony covered in this report are antimony trioxide, antimony pentoxide, alloys, metal ingots, and others. Antimony is a vital metal for the global economy. However, it also enters the environment through a variety of human applications. Antimony is a naturally occurring element in the environment. Antimony is a poor heat and electrical conductor. Metallic antimony is bright, silvery, hard, and brittle non-metallic antimony is a grey powder. Antimony is a semi-metallic chemical element that is available in two forms: metallic and non-metallic. The antimony market consists of sales of antimony by entities (organizations, sole traders, and partnerships), that produce antimony through mining or smelting process and supplies it to various industries.
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