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0 0.00124223602484469 0.00124223602484469 0.00248447204968939 -0.00248447204968939 -0.00124223602484469 0.00621118012422347 -0.00124223602484469
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Rare Metals Prices Surge As China Restricts Exports [Yahoo! Finance]

Perpetua Resources Corp. - Common Shares (PPTA) 
Company Research Source: Yahoo! Finance
for U.S. imposing trade restrictions and tariffs on Chinese-made products. On August 14, Beijing tightened the noose and announced export restrictions on antimony as part of the country's latest move to restrict critical mineral shipments. And now prices of antimony and gallium are surging despite the export restrictions having yet to go into effect. Antimony prices have rocketed to an all-time high, with spot prices in China and Europe surpassing $25,000 per tonne, more than double prices at the end of 2023. Source: Financial Times China is the world's largest producer of antimony, accounting for 48% of global mined output. The country's output in 2023 clocked in at 40,000 tonnes, nearly double Tajikistan's 21,000 tonnes while Turkey was the third largest producer with 6,000 tonnes. Antimony is considered a strategic metal used in military applications such as ammunition, infrared missiles and nuclear weapons as well as lead-acid storage batteries used in cars and brake pads than Show less Read more
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