Great combination: gold and antimony

Mining companies that have gold in their projects, as well as the valuable antimony, are delighted.

Investors love gold, as do the central banks, which have been focusing on increasing their gold reserves for the past three years. Last year, more than 1,000 tons of gold went into the vaults of central banks alone. Another topic that has currently reached the investor community is the arms race in many parts of the world. Defense spending is being increased, for example in the EU, China, the USA, the UK and Russia. This is where antimony comes into play, which is considered a critical metal in both the USA and the European Union. While antimony was still a kind of panacea in the 17th century, it is now in high demand and was recently produced in quantities of around 200,000 tons per year. As a flame-retardant additive, antimony can be found in many everyday objects. The critical metal fulfills an opposite function in matches in the ignition head.

Armaments need antimony in ignition systems and as an alloy component in the manufacture of ammunition, as it improves strength, hardness and dimensional stability. Antimony is also found in lead plates in car batteries. Around 60 percent of the antimony came from China, but then exports were banned there. And antimony deposits are scarce on earth. While the price of a tonne of antimony was just under USD 12,000 in 2023, it recently reached up to USD 59,000 due to supply bottlenecks and geopolitical tensions. Experts expect the price to rise further. This is because demand for the critical metal is also increasing as global military budgets rise. Gold and antimony are owned by GoldMining and Southern Cross Gold Consolidated, for example.

GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ – has gold and copper projects in North and South America, shares in Gold Royalty, U.S. GoldMining and NevGold. The Crucero project in Peru contains gold and antimony.

Southern Cross Gold Consolidated – https://www.commodity-tv.com/ondemand/companies/profil/southern-cross-gold-consolidated-ltd/ – owns the Sunday Creek gold-antimony project near Melbourne, Australia. This makes the company a potentially important supplier of antimony.

Current company information and press releases from GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-inc/ -) and Southern Cross Gold (- https://www.resource-capital.ch/en/companies/mawson-gold-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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