Expanding Antimony Mining Industry Due to Increasing Demand Across Multiple Industries
The antimony market is poised for significant growth in the coming years, according to a 2025 report from Research and Markets. The market size is projected to reach $6.54 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.9%.
This growth is primarily driven by several key factors. The escalating demand from advanced electronics, the electric vehicle (EV) revolution, and stringent fire safety regulations are major contributors. Antimony is critical in flame retardants and battery technologies, supporting the boom in electric vehicles and electronic devices.
Increasing fire incidents and strict regulatory frameworks, such as the National Fire Protection Association guidelines, have boosted demand for antimony-based flame retardants. Moreover, governments, particularly the EU with its Critical Raw Materials Act, and technological advances in hydrometallurgical recycling methods are fostering greater antimony recovery, reducing reliance on mining and enhancing supply security.
On the supply side, the market faces challenges and developments. In 2025, China's antimony trioxide (ATO) production dropped significantly due to mining production cuts, plant shutdowns, energy interruptions, and higher ore prices, constraining global supply despite weakening demand from regions like North America and Europe.
However, major players such as United States Antimony Corporation and others are expanding production capabilities and diversifying assets to meet demand growth and align with national security and green energy goals. Recycling as a strategic supply pillar is also being emphasised, with advanced recycling technologies improving antimony recovery from waste, which may ease supply pressure long-term.
Notable developments include the Stibnite Gold Project, a domestic critical mineral project focused on restoring the environment, providing family-wage jobs to rural Idaho, and producing gold and the critical mineral antimony. Perpetua Resources has received over $80 million from the Department of Defense to advance this project.
Another significant development is the agreement between MP Materials and Apple, which will see the supply of magnets produced at MP's Fort Worth, Texas facility using recycled rare earth feedstock processed at MP's Mountain Pass site in California. MP Materials has been piloting advanced recycling technology with Apple for nearly five years to enable recycled rare earth magnets to meet Apple's exacting standards for performance and design.
The agreement between Dateline Resources Limited and Mr. Simon Slesarewich, appointed as Chief Operating Officer (COO), effective August 4, 2025, will lead to the development of Dateline's 100%-owned Colosseum Gold and Rare Earth Elements (REE) Project, located in California.
In summary, demand growth is fueled by green energy, electronics, and fire safety needs, while supply constraints from production disruptions and geopolitics encourage recycling and mining expansions. The interplay of these factors shapes the antimony market’s trajectory toward substantial growth in the coming decade.
References:
[1] Research and Markets. (2025). Antimony Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2029). [2] Grand View Research. (2021). Antimony Market Size, Share & Trends Analysis Report By Application (Flame Retardants, Semiconductors, Alloys, Others), By Region, And Segment Forecasts, 2021 - 2028. [3] Metal Bulletin. (2021). Antimony market tightens as China cuts production, prices rise. [4] Investing News Network. (2021). Antimony market: What you need to know. [5] United States Antimony Corporation. (2021). About Us.
- The escalating demand for advanced electronics and electric vehicles, paired with the adoption of antimony in battery technologies, has led to the release of press releases highlighting the growth potential of antimony in the technology sector.
- Antimony's relevance in critical technology applications, such as flame retardants and battery technologies, is being accentuated by advancements in hydrometallurgical recycling methods and government support for greater recovery of antimony, as noted in numerous press releases.
