Australia Antimony Market Report and Forecast 2024-2032

Australia Antimony Market Outlook

The Australia Antimony market size is expected to grow at a CAGR of 4.70% between 2024 and 2032.

Key Takeaways

• Published in accordance with the Joint Ore Reserves Committee (JORC) Code, the Proved and Probable Ore Reserves for antimony amounted to 17.7 kilotonnes (kt) in 2019. As of December 31, 2019, all of Australia's antimony Ore Reserves, totalling 100%, are associated with the Costerfield mine in Victoria. This mine, which produces antimony as a by-product of gold, stands as Australia's sole antimony producer.

• Mandalay’s Costerfield mine remains the solitary operational antimony mine in Australia, typically contributing around 2-4% to the global antimony mine supply. In 2023, the company pursued a broad guidance range of 1.8-2.4kt Sb, concluding the year slightly above the lower end at 1.8kt. This marks a notable year-on-year decline since 2020, when production reached a record high of 3.9kt Sb.

Australia's antimony exports are predicted to rise to 620,000 kilograms by 2026, marking a 0.7% increase from 2021. Since 1993, the country's supply has grown by 7.8% annually. In 2021, Australia ranked 13th globally, with the United Kingdom surpassing with 596,020 kilograms. China, Thailand, and India followed as the top exporters with the antimony market in Australia witnessing growth.

Antimony, utilised in various forms like trioxide and alloys, finds extensive use in automotive, electronics, construction, and other sectors due to its stability and recyclability. The market sees growth driven by demand for flame retardants and electronic products. The COVID-19 pandemic caused economic challenges, impacting antimony production globally due to restrictions on non-essential commodities.

Mandalay's Costerfield mine is Australia's sole operating antimony mine, contributing 2-4% of global supply. Flame retardants dominate antimony use, especially in textiles, adhering to regulations like OSHA 1910.269. Additionally, antimony is crucial in lead-acid batteries and alloy production. However, environmental regulations on lead emissions pose challenges. The market saw price hikes in 2021 due to material shortages and shipping delays. Rising demand from electric vehicle and flame-retardant industries, alongside macroeconomic factors, drives market growth. Australia, with the fourth-largest antimony reserves globally, has the potential to enhance global supply security by ramping up production, meeting demand for this critical mineral essential in high-tech devices and defence equipment aiding the Australia antimony market development.

Market Segmentation

Australia Antimony Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Antimony Pentoxide

• Metal Ingots

• Antimony Trioxide

• Alloys

• Others

Market Breakup by Application

• Plastic Additives

• Lead-Acid Batteries

• Alloy Strengthening Agents

• Flame Retardants

• Glass and Ceramics

• Catalysts 

• Fiberglass Composites

• Aerospace & Defence

• Chemicals & Paints

• Metallurgy

• Others

Market Breakup by End-Use

• Automotive

• Chemical

• Electrical and Electronics

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Key players in the antimony in Australia manufacture and provide products to support the end-users.

• Nagambie Resources Limited   

• SOUTHERN CROSS GOLD LTD     

• MANDALAY RESOURCES     

• Siren Gold Limited      

• ALPHA CHEMICALS PTY LTD  

• Agnico Eagle Mines Limited    

• Total Metalloys Industries (Australia) Pty Ltd     

• Others

Key Highlights of the Report