According to Mining.com, Antimony Resources Corp. recently announced the expansion of the Marcus West Zone at its Bald Hill project in New Brunswick, Canada, and the discovery of "massive" stibnite ore. Through continuous trenching and sampling along the strike, the field team identified additional mineralization in the host rock. Stibnite is typically mined for the extraction of antimony. As global antimony supply tightens, Canada and the US are ramping up antimony exploration and development to meet the demand for this critical raw material in national defense and high-tech industries. The new discovery at Bald Hill is part of the company's 2026 exploration program, which also includes a 10,000-meter drilling program at the Main Zone. This exploration plan involves soil sampling, reconnaissance, and sampling. The company stated that an aerial survey is also under consideration. Drilling at the Marcus West Zone is set to begin shortly, with plans to complete up to six shallow holes to test mineralization at depths between 30 and 50 meters. Unexplored areas, including the Central Zone, will also be assessed. In 2010, trench sampling at the Central Zone revealed mineralization over 8.18 meters with an antimony grade of 2.90%, including intervals of 1.75 meters at 5.79% and 1.53 meters at 8.47%. Trenching by the company at the South Zone indicated stibnite mineralization over 150 meters. "We are very pleased to see the mineralized samples collected by our geologists using an excavator," said Jim Atkinson, CEO of the company, in a news release. "Clearly, this intensely mineralized area and the 'massive' stibnite are highly attractive," Atkinson noted. He also mentioned that drilling at the Main Zone is progressing well. The company stated that a second drill rig has recently been added.

SMM March 14 News: This week, antimony prices continued to rise strongly. Manufacturers kept raising their quotations and showed obvious reluctance to sell. Although the midstream and downstream markets remained cautious about the future price trend, there was a slight tendency to compromise. Under the joint efforts of the market, the prices of antimony products rose significantly.

[SMM Flash News: Antimony, Bismuth, and Cobalt Prices Continue to Rise; Minor Metal Sector Gains for Three Consecutive Days, With Orient Zirconium and CMOC Leading the Gains] Driven by the continuous rise in spot prices of antimony, bismuth, and cobalt, stocks related to the minor metal sector remained active. The minor metal sector has recorded gains for three consecutive trading days. As of the close on March 10, the minor metal sector rose by 1.05%. In terms of individual stocks: Orient Zirconium hit the daily limit, CMOC rose by 8.62%, while Beifang Rare Earth Technology, Yunnan Germanium, Yongshan Lithium, and Jinduicheng Molybdenum also posted significant gains.

Antimony is a critical element to be utilized in most sectors, but the green energy industry has especially put into perspective how significant it is. The metal finds most applications through flame-resistant products, lead-acid batteries, and now energy storage device production. Rapid development of the green energy technologies such as wind and solar energy, and expanded applications of electric vehicles (EVs), all directly contribute towards increased demand for antimony. The special features of antimony render it unavoidable for numerous purposes in green energy.

Antimony is a chemical element with the symbol Sb and atomic number 51. It is a lustrous gray metalloid, often found in nature combined with sulfur as stibnite (Sb2S3). A vital but lesser-known metal, Antimony has been utilized by human civilization for thousands of years. Its use dates back to ancient times when Antimony was used for cosmetics and medicines. Today, it has garnered significant industrial importance due to its unique properties.

Antimony price fluctuation is affected by multiple factors, environmental protection policy tightening to increase production costs, technological advances to broaden the field of application, and policy adjustments affecting the balance of supply and demand. Investors and industry chain participants need to pay close attention to market dynamics, to grasp the transparency of information.SMM website provides comprehensive and accurate market information and data services, to help users make accurate decisions. In the complex and volatile antimony market, maintaining keen insight and decision-making ability is the key to grasping market opportunities and meeting challenges

According to SMM survey, China antimony ingot (including antimony ingot, converted crude antimony, antimony cathode, etc.) output in March 2023 was 7,256 mt, up 20.07% from February.

SMM data showed that China' s copper cathode output stood at 951,400 mt in March, up 43,600 mt or 4.8% from the previous month and 12.1% from the same period in 2022.