As we bid farewell to 2024, let's take a moment to reflect on the remarkable journey of antimony, a metal that has been on a meteoric rise. The year 2024 has been nothing short of extraordinary for this humble element, with its price surging by a staggering 192% to reach an all-time high of $38,000 USD per tonne. This meteoric rise has left investors and industry experts alike wondering what lies ahead for antimony in 2025. Let's dive into the factors driving this price surge and explore the potential implications for Military Metals Corp. and the broader antimony market.

The increased demand for flame retardants, particularly in electronics and textiles, has been a significant driver behind the rise in antimony prices. According to Mordor Intelligence, the flame retardants segment is expected to dominate the antimony market, with antimony trioxide being widely used in these applications. The growing output value of China's textile and garment industry, coupled with the increasing production of polyester filament fibers in Japan, has further boosted the demand for antimony. This increased demand, combined with supply chain disruptions and geopolitical tensions, has led to the unprecedented price surge we witnessed in 2024.
Military Metals Corp. (MILI) has been at the forefront of this antimony boom, amassing a world-class portfolio of brownfield antimony projects with high antimony to gold ratios in top mining jurisdictions. The company's strategic acquisitions and exploration activities have positioned it to capitalize on the rising antimony price. In 2025, MILI plans to focus on its Trojarova Antimony-Gold Project in Slovakia, which hosts a historical resource with high-grade antimony and a gold by-product. By hiring a third-party resource firm to publish a NI-43-101 resource and conducting additional exploration work on other antimony properties, MILI is poised to de-risk its flagship asset and capture the value of the rising antimony price.
As we look ahead to 2025, the future of antimony appears bright. The continued demand for flame retardants and lead-acid batteries, coupled with potential supply constraints, could further drive the price of this versatile metal. Military Metals Corp., with its strategic acquisitions and exploration activities, is well-positioned to benefit from this trend. As investors and industry experts alike keep a close eye on the antimony market, one thing is clear: the stage is set for an exciting year in the world of antimony.
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