Antimony Price Trend and Forecast 2026-2027

Antimony prices in the United States, the highest-cost reporting region, rose 7.0% in Q2 2026 to USD 61,000.00/MT from USD 57,000.00/MT in Q1, extending an extraordinary rally that has seen prices roughly triple since the start of 2025. Globally, the average rose from USD 52,940.00/MT in Q1 to USD 56,658.00/MT in Q2, a 7.0% gain, part of a structural repricing that industry analysts increasingly describe as a fundamental market reset rather than a cyclical price spike. For H2 2026, a global average of USD 53,000.00-64,000.00/MT is expected, with China's export licensing regime and a persistently tight global supply gap likely to keep this market elevated regardless of near-term demand fluctuations.

Antimony is a metalloid element mined primarily as stibnite ore, then smelted into antimony metal and ingot used as a critical hardening agent in lead-acid battery grids, a flame retardant synergist in antimony trioxide production, and an alloying element in ammunition and specialty solder applications. China produces roughly 55 percent of global mine supply and controls 60 to 80 percent of refined processing capacity, with Tajikistan, Russia, Myanmar, Turkey, Bolivia, and Australia together accounting for most of the remainder. In September 2024, China's Ministry of Commerce imposed per-shipment export licensing on antimony, antimony ore, and antimony oxides, requiring end-user certificates and dual-use review for every shipment, a structural policy change that has reshaped global pricing ever since. Chinese export licensing policy, global mine supply concentration, and defense and battery sector demand are what drive prices in this market.

Antimony Price Forecast for 2026

The outlook for Antimony through H2 2026 stays elevated, anchored by what analysts describe as a structural, not cyclical, repricing. Global antimony mine production remains concentrated at roughly 80,000 to 110,000 tonnes annually, with China's export licensing regime continuing to impose 60 to 90-day processing windows and rejections for any potential defense linkage. While Southeast Asian processing capacity has expanded meaningfully since mid-2025 and is expected to continue growing into 2026, most Western mining projects remain at early development stages and are unlikely to materially alter the global supply balance this year.

The main upside risk is a further tightening of Chinese export licensing or an escalation of the dual-use review process, which could push prices even higher than the already extraordinary levels reached in 2026. The main downside risk is a faster-than-expected ramp-up of Southeast Asian processing capacity or new Western mining production, such as the Stibnite Hill exploration program in Montana, though most alternative sources remain years away from materially affecting global supply.

For the Quarter Ending June 2026

Antimony Prices Q2 2026:

• United States: USD 61,000.00/MT
• Netherlands: USD 58,800.00/MT
• India: USD 54,500.00/MT
• China: USD 51,500.00/MT

Antimony Prices in the United States

US Antimony prices averaged USD 61,000.00/MT in Q2 2026, the highest of any region tracked here, up 7.0% from USD 57,000.00/MT in Q1, as strong defense sector demand and constrained import availability continued supporting this market.

Why did the price of Antimony change in Q2 2026 in the United States?

Rising industrial production, defense sector demand, and renewable energy transition trends continued supporting firm pricing, alongside constrained supply from global production declines and export restrictions that show no sign of easing.

Antimony Prices in Netherlands

Dutch warehouse-benchmark prices, reflecting the key European trading hub at Rotterdam, averaged USD 58,800.00/MT in Q2 2026, up 6.9% from USD 55,000.00/MT in Q1.

Why did the price of Antimony change in Q2 2026 in Netherlands?

As the primary European warehouse and trading benchmark, Rotterdam continued reflecting the underlying global supply tightness, with the metal benchmark trading at roughly four to five times its 2024 average level.

Antimony Prices in India

Indian prices averaged USD 54,500.00/MT in Q2 2026, up 6.9% from USD 51,000.00/MT in Q1, as growing battery and alloy manufacturing demand continued supporting gains.

Why did the price of Antimony change in Q2 2026 in India?

Growing demand from lead-acid battery manufacturing and specialty alloy applications kept Indian buyers competing for increasingly scarce material, even as capacity additions in Southeast Asia only partially eased the broader shortage.

Antimony Prices in China

Chinese prices, the lowest of the four regions, averaged USD 51,500.00/MT in Q2 2026, up 7.3% from USD 48,000.00/MT in Q1, as export licensing constraints continued limiting the volume of material reaching international buyers.

Why did the price of Antimony change in Q2 2026 in China?

Domestic supply stayed tight because ore availability remained limited, mining controls continued, and replenishment of smelter raw materials proceeded slowly, even as China's own export licensing regime constrained how much material could reach international buyers.

For the Quarter Ending March 2026

Antimony Prices Q1 2026:

• United States: USD 57,000.00/MT
• Netherlands: USD 55,000.00/MT
• India: USD 51,000.00/MT
• China: USD 48,000.00/MT

Antimony Prices in the United States

US prices rose 9.6% in Q1 2026 to USD 57,000.00/MT from USD 52,000.00/MT in Q4 2025, continuing the extraordinary structural repricing that has defined this market since late 2024.

Why did the price of Antimony change in Q1 2026 in the United States?

The structural change driving this entire market traces back to China's Ministry of Commerce Announcement No. 33 of 2024, effective September 2024, which imposed per-shipment licensing on antimony, antimony ore, and antimony oxides, with end-user certificates and dual-use review required for every export, and by Q1 2026 that regime had settled into 60 to 90-day processing windows with rejections for any potential defense linkage.

Antimony Prices in Netherlands

Dutch warehouse prices rose 10.0% in Q1 2026 to USD 55,000.00/MT from USD 50,000.00/MT in Q4 2025, tracking the broader global tightening.

Why did the price of Antimony change in Q1 2026 in Netherlands?

The antimony metal benchmark at Rotterdam traded at roughly four times the 2024 average and three times the mid-2025 level, reflecting a fundamental market reset rather than a temporary price spike, according to industry analysts covering the structural supply story.

Antimony Prices in India

Indian prices rose 8.5% in Q1 2026 to USD 51,000.00/MT from USD 47,000.00/MT in Q4 2025, as supply-side constraints kept prices firm.

Why did the price of Antimony change in Q1 2026 in India?

Supply-side constraints were further reinforced by limited overseas production growth and slow capacity additions, keeping the global supply gap intact even as inflows from Southeast Asia increased during the quarter and partially eased domestic shortages.

Antimony Prices in China

Chinese prices rose 9.1% in Q1 2026 to USD 48,000.00/MT from USD 44,000.00/MT in Q4 2025, tracking the broader global supply constraint even as this remained the most affordable market tracked in this report.

Why did the price of Antimony change in Q1 2026 in China?

Imports into China dropped significantly, reinforcing raw material shortages and amplifying volatility, while global antimony mine production, estimated at around 100,000 metric tonnes for 2025 by the U.S. Geological Survey, highlighted a highly concentrated supply base and China's critical role in the market.

Quarterly Antimony Price Trends

Global Antimony prices have risen dramatically across every quarter tracked in this report, with the most explosive gains concentrated in the second and third quarters of 2025 as China's September 2024 export licensing regime fully took hold, pushing prices toward a historical high before settling into a still-elevated, continued upward trajectory through the first half of 2026.

What was Antimony Price in 2025?

Antimony staged one of the most extraordinary price moves of any market covered in this report through 2025, with prices roughly tripling in every region as China's September 2024 export licensing regime fundamentally reshaped global supply availability, a structural repricing that analysts describe as a lasting market reset rather than a temporary spike.

Antimony Prices in the United States in 2025

US prices surged from about USD 21,000.00/MT in Q1 2025 to USD 52,000.00/MT by Q4, a gain of roughly 147.6%, before the continued climb that followed into 2026.

Antimony Prices in Netherlands in 2025

Dutch warehouse prices surged from about USD 20,000.00/MT in Q1 2025 to USD 50,000.00/MT by Q4, up roughly 150.0%, tracking the extraordinary global repricing through the year.

Antimony Prices in India in 2025

Indian prices surged from about USD 19,000.00/MT in Q1 2025 to USD 47,000.00/MT by Q4, up roughly 147.4%, tracking the same structural global tightening evident across every region.

Antimony Prices in China in 2025

Chinese prices surged from about USD 17,000.00/MT in Q1 2025 to USD 44,000.00/MT by Q4, a gain of roughly 158.8%, the strongest annual increase of the four regions, as domestic export licensing constraints reshaped the market at its very source.

How We Can Help

Expert Market Research: Your Source for Real-Time Antimony Price Intelligence

Expert Market Research tracks Antimony prices continuously across every major producing and consuming region, combining Chinese export licensing policy developments, global mine production and supply concentration data, and defense and battery sector demand signals into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the extraordinary structural repricing covered in this report, and build a defensible view of where this critical strategic metal is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.