China will impose export limits on antimony and related elements in the name of national security, its Commerce Ministry said on Thursday, in Beijing’s latest move to restrict shipments of critical minerals in which it is the dominant supplier.
China accounted last year for 48% of global mined output of antimony, a strategic metal used in military applications such as ammunition, infrared missiles, nuclear weapons and night vision goggles, as well as in batteries and photovoltaic equipment. The restrictions are being imposed “in order to safeguard national security and interests, and fulfill international obligations such as non-proliferation,” the ministry said in a statement.
“We are looking at things that we can do during construction to get antimony out the door sooner for some of these strategic needs,” Jon Cherry, Perpetua’s CEO, told Reuters. “The Department of Defense is aware of the critical nature of antimony and the short supply available. We’ve been hearing from a lot of different sources about the lack of supply for antimony, that the market is very tight and getting tighter daily.
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