On January 20th, a research report by CITIC Securities stated that according to Baichuan Yingfu, on the supply side, the domestic production of antimony concentrate/antimony ingots/antimony oxide from January to November 2024 was 50400 tons/65600 tons/96700 tons respectively, a cumulative year-on-year decrease of 9%/11%/7%; On the demand side, the domestic photovoltaic glass production will reach 27.336 million tons in 2024, a year-on-year increase of 31%; The apparent demand for bromine is 125000 tons, a year-on-year increase of 5%; Antimony ore is scarce, and the decline in ore grade will lead to a systematic downward shift in the production center. Coupled with the increase in antimony consumption driven by industries such as photovoltaics and flame retardants, antimony will enter a pattern of supply shortage. In the medium to long term, it is expected that the antimony price center will definitely rise.
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