US Antimony Secures Thai Antimony Ore for Mexico Smelter Restart

US Antimony

Strategic Supply Deal Aims to Boost Production Amidst Market Shifts

US Antimony (USAC) will source antimony ore from Thailand. This agreement supports the restart of its Madero smelter in Mexico. The initial shipment includes 50 wet metric tonnes (wmt). It will arrive at Manzanillo port in March. USAC seeks to increase ore quantities from this Southeast Asian source. This deal is the second supply agreement this month. The company aims to ramp up operations in Mexico. The Madero smelter closed in March due to profitability issues. Market demand for non-Chinese antimony has increased. China suspended antimony exports to the US. This incentivized USAC to restart its furnaces. Maintenance work includes new refractory linings. USAC also seeks to increase liquidity via a $100 million shelf offering. Regulatory approval is still required.

Increased Liquidity and Strategic Sourcing

USAC's move to secure antimony ore from Thailand is strategic. This addresses supply chain vulnerabilities. The company is actively working to enhance its financial stability. The $100 million shelf offering will provide needed capital. This will support operational expansion and maintenance.

Market Dynamics and Future Outlook

The suspension of Chinese antimony exports significantly impacted the market. This created opportunities for other suppliers. USAC is positioning itself to capitalize on this demand. The company's focus on restarting the Madero smelter is crucial. Increased production will meet market needs. USAC's efforts highlight the importance of diversified supply chains.