Core Viewpoint - The antimony metal industry in China is experiencing a decline in production despite a slight increase in output for 2024, with significant growth in industry value expected, while demand continues to decrease [1][5]. Industry Overview - Antimony is a metallic element with unique physical and chemical properties, widely used across various fields. China has long dominated global antimony reserves and production [2][5]. - The production of antimony is highly dependent on antimony ore resources, which are unevenly distributed globally, primarily concentrated in China, Tajikistan, Russia, Myanmar, and Bolivia [4]. Current Industry Status - In 2024, China's antimony production is projected to be 82,100 tons, a slight increase of 1700 tons from 2023. The industry value is expected to reach 11.034 billion yuan, an increase of 4.314 billion yuan from 2023, while demand is forecasted to decline to 79,000 tons, an increase of 2,900 tons from 2023 [1][5]. - The market size for the antimony industry in China is estimated at 10.279 billion yuan in 2024, with the flame retardant sector accounting for 4.632 billion yuan (45.06%) [5]. Industry Chain - The antimony industry chain consists of upstream mining and initial processing, midstream antimony production, and downstream applications, primarily in flame retardants, lead-acid batteries, glass ceramics, and chemicals [6]. Competitive Landscape - The global antimony industry is shifting from a "China-dominated" model to a more diversified competition. Major companies in the industry include Hunan Gold, Huaxi Nonferrous, and Huayu Mining, which possess quality mining areas and significant production capacity [7][8]. - The market concentration is high, with leading companies having strong advantages in resource acquisition, cost control, and market expansion [7]. Development Trends - Demand for antimony in traditional applications such as flame retardants and lead-acid batteries is expected to decline due to environmental regulations and the emergence of alternative materials [11][12]. - Antimony smelting technology is moving towards greener and low-carbon methods, with a focus on enhancing energy efficiency and reducing emissions [13].