【干货】锑产业链全景梳理及区域热力地图

Core Insights - The antimony industry is characterized by its high industrial value and strategic importance, with antimony being used as an additive in various industrial applications [1] - The antimony supply chain includes upstream mining and selection, midstream smelting and processing, and downstream applications such as flame retardants and batteries [1][3] Group 1: Industry Overview - Antimony is a scarce resource with significant industrial applications, classified as a strategic mineral resource by the government [1] - The antimony supply chain consists of three main segments: upstream (mining and selection), midstream (smelting and processing), and downstream (applications) [1][3] - Key applications of antimony include flame retardants, glass, electronic materials, bearings, gears, and batteries, with the latter allowing for the recycling of antimony [1] Group 2: Key Companies and Production Data - Major upstream companies in the antimony mining sector include Hunan Gold, Huaxi Nonferrous, and Huayu Mining [3] - In 2024, Hunan Gold is projected to produce 29,209 tons of antimony, a decrease of 6.15% year-on-year, while Huaxi Nonferrous expects a production increase of 9.17% to 15,417.7 tons [10] - Midstream companies such as Hengbang Co. and Zhuhai Group are involved in smelting and processing, with Hengbang Co. reporting revenue of 957 million yuan from related operations in 2024 [10] Group 3: Regional Distribution - The antimony industry is predominantly concentrated in Hunan province, followed by Guangxi, Guangdong, and Jiangxi, with a significant disparity in the number of companies compared to other regions [5][7] - The majority of upstream, midstream, and recycling companies are located in Hunan, with other provinces like Tibet and Guangxi having fewer enterprises [7] Group 4: Investment Trends - Investment activities in the antimony sector from 2022 to 2025 highlight ongoing developments and strategic initiatives by key players [11] - Companies are focusing on enhancing production capabilities and exploring new product developments, particularly in high-precision alloys and recycling processes [10]