Article

Antimony price and China's export controls: from $5 to $25 a pound

USGS reports the annual average antimony price (minimum 99.65%, CIF) at $5.31 per pound in 2021, $6.18 in 2022, $5.49 in 2023, $10.24 in 2024 and $25 in 2025, more than double 2024. China announced export restrictions on antimony in August 2024 and banned exports to the United States in December 2024. On 9 November 2025 China suspended that ban until 27 November 2026; exporters still need licences, and a separate prohibition on dual-use items for U.S. military users remains.

Published 8 November 2026 by Metallic Exchange. Figures last reviewed 30 October 2026. Sources are listed at the end.

Series
Antimony metal, minimum 99.65%, CIF, annual average (USGS, from Argus Non-Ferrous Markets)
2025
$25 per pound, more than double 2024
Suspension of the China-to-US ban
Until 27 November 2026
Annual average antimony price, dollars per pound
YearPrice per pound
2021$5.31
2022$6.18
2023$5.49
2024$10.24
2025 (estimate)$25

Source: USGS Mineral Commodity Summaries 2026, Antimony, which credits Argus Media group, Argus Non-Ferrous Markets. 2025 is a USGS estimate.

Antimony mine production, tonnes of antimony content

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Country20242025 (estimate)
China40,00040,000
Russia40,00032,000
Tajikistan22,00022,000
Bolivia5,3005,000
Burma4,5004,500
Turkey3,0003,000
World total (rounded)119,000110,000

Source: USGS Mineral Commodity Summaries 2026. USGS does not include U.S. production in the world total.

What moved the price

USGS reports that the average monthly antimony price nearly doubled from $9.80 per pound in August 2024 to $18.10 in December 2024, after China announced export restrictions in August and banned all exports of antimony to the United States in December. Prices rose a further 52% to $27.50 per pound by June 2025, then fell to $20.30 in November.

Who supplies antimony

China, Russia and Tajikistan produced about 85% of world mine output in 2025 (40,000, 32,000 and 22,000 tonnes of about 110,000). The United States imported 91% of its net consumption in 2025, and oxide imports rose from 24,000 tonnes in 2024 to 39,000 tonnes in 2025. In the United States, metal products including flame retardants took 49% of antimony use and antimonial lead and ammunition 40%.

The suspension and what to check

On 9 November 2025 China suspended its December 2024 ban on exports of gallium, germanium and antimony to the United States until 27 November 2026. Exporters still need Chinese licences, and a separate prohibition on dual-use items for U.S. military users remains. At the review date of 30 October 2026, no extension or replacement had been reported, so check China's Ministry of Commerce announcements for the current position.

Related

Frequently asked questions

What was the antimony price in 2025?

USGS estimates the annual average at $25 per pound, more than double the $10.24 of 2024.

Does China still ban antimony exports to the United States?

China suspended its ban on 9 November 2025 until 27 November 2026. Licences are still required and a ban on dual-use items for U.S. military users remains. Check China's Ministry of Commerce for the current position.

Who produces antimony?

China, Russia and Tajikistan produced about 85% of world mine output in 2025, according to USGS.

Sources

Specifications published by index providers are revised over time. Where a figure comes from a pricing notice, confirm the version currently in force with the publisher before you use it in a contract. Corrections are welcome.

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