SMM

According to customs data released by SMM on January 26, China's imports of other antimony ores and their concentrates in December 2025 reached 4,775.96 mt, up MoM from the November import volume of 3,637.04 mt, and again surpassing the 4,000 mt mark. Market participants indicated that antimony market prices have recently started to rise, and the extent of the price rebound is expected to be significant. However, as overseas antimony product prices continue to decline, the price spread between domestic and overseas markets has narrowed noticeably, making the increase in antimony ore imports reasonable. Nevertheless, many market participants expect that the long-term trend of tight supply of imported antimony raw materials will persist.