Great combination: gold and antimony
(PresseBox) - ?
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.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
Unternehmensinformation / Kurzprofil:
Datum: 27.05.2025 - 04:58 Uhr
Sprache: Deutsch
News-ID 722232
Anzahl Zeichen: 0
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
Diese Pressemitteilung wurde bisher 104 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Great combination: gold and antimony"
steht unter der journalistisch-redaktionellen Verantwortung von
Swiss Resource Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
