The global demand for the antimony mining market will continue to grow for the next few years, according to a report by the Ireland-headquartered market research company Research and Markets.
Antimony alloy is used in lead-acid batteries for military vehicles, said to improve durability due to its flame-retardant properties.
The company said that the market size is expected to grow to $6.54 billion in 2029 at a compound annual growth rate of 6.9%.
It attributes the growth to electronics, EV adoption, stringent regulations, global economic conditions, exploration and mining developments.
This forecast is said to be primarily driven by trends such as green technology, battery technology, market expansion in Asia-Pacific, as well as a shift towards sustainable antimony production, supply chain challenges and price volatility.
The increase in fire accidents and implementing of fire regulations focused on prevention also seem to be driving the increase in demand for Antimony mining.
US-based firm Xtra Energy has discovered an Antimony-Gold Dike system at Arrance mine in the larger 4,194 American Antimony Project in Bernice Canyon District, Nevada. It has released its preliminary results based on visual logging and portable XRF field analysis.
Research and Markets also added in a separate article: “North America and Europe, together accounting for over 40% share of the global antimony demand in 2024, are the other major markets. The main applications for antimony in these regions are centred around the automotive and plastics industries. However, these markets are also characterised by stringent industrial regulatory and safety standards in the areas of environmental and personnel protection, which has put brakes on further demand for the element and its compounds. Recycling of old lead acid batteries to obtain antimony has been an effective strategy to curb ecological harm in these markets, a trend that is now catching up in other regions, too.”
Image: The demand for antimony mining is expected to continue growing. Credit: Wikimedia Commons.
