Antimony extends gains in Shanghai

09:35, April 21, 2010      

Email | Print | Subscribe | Comments | Forum 

Antimony prices in Shanghai extended gains from two weeks earlier, with prices likely to remain strong in the next month or two before supply improves, industry sources said on Tuesday.

The local government in China's central province of Hunan, which contributes about 60 percent of the world's antimony output, has closed hundreds of illegal antimony smelters since late March.

"We may still see prices rise further, but it should be the end of a fast rally," said an Asian Metal analyst based in Beijing. "In a month or two, some smelters may get approval to re-launch production, while other small ones may be absorbed into bigger ones. But if the crackdown goes on for another six months or a year, supply will be extremely tight."

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion