东兴晨报P1-20251117

Economic News - The State Council meeting emphasized enhancing supply-demand adaptability to unleash consumption potential and promote economic circulation, focusing on consumption upgrades to lead industrial upgrades [1] - The Ministry of Foreign Affairs and Chinese consulates in Japan warned Chinese citizens about the deteriorating safety environment in Japan, advising against travel [1] - The National Bureau of Statistics reported that the industrial added value above designated size grew by 4.9% year-on-year in October, with a cumulative growth of 6.1% from January to October [4] Key Company Information - Ningde Times' shareholder Huang Shilin plans to transfer 1% of shares [4] - Huaxia Happiness has had its pre-restructuring accepted by the Langfang Intermediate Court [4] - Kaiser Travel Industry formed a consortium with Guangzhou Haina to participate in the restructuring investment of Zhangjiajie Tourism Group, acquiring 800,000 shares [4] - Huakang Clean won a project worth 100 million yuan [4] - Chuangye Huikang is planning a change of control and will resume trading on November 17 [4] Antimony Industry Insights - China holds 30% of global antimony resources, with reserves increasing from 480,000 tons in 2020 to 670,000 tons in 2024, reflecting a CAGR of 8.7% [6] - In 2024, China is projected to produce 60,000 tons of antimony, accounting for 57.7% of global production, which has been declining over the past decade [7] - The demand for antimony in flame retardants remains the highest, while the fastest growth is seen in photovoltaic glass, with a projected 10.8% increase in global antimony consumption in 2024 [8] - The strong growth in photovoltaic installations is expected to drive sustained demand for antimony, with projections indicating a significant increase in demand from 2024 to 2027 [9] - The global antimony supply-demand gap is expected to widen, with a projected shortfall of 9.5 million tons by 2027, representing 42.8% of demand [10] - The tightening of antimony supply due to export controls and environmental policies in China is likely to push prices higher, with potential increases of up to 56% in domestic prices [11]