智通财经APP获悉，周三美股盘前，Nova Minerals(NVA.US)股价一度大涨逾32%。此前该公司宣布其美 国子公司Alaska Range Resources获得美国国防部4340万美元资金，用于在阿拉斯加州的埃斯特尔金矿及 关键矿产项目生产三硫化二锑。 Nova Minerals首席执行官Christopher Gerteisen表示："这笔资金将为公司战略的初始阶段提供支持。我 们计划以阿拉斯加为基地，建立一个涵盖全产业链的现代化锑矿开采与精炼中心，为美国工业基础及更 广泛市场供应精炼锑产品。" 该公司表示，这笔资助将助力其加速打造一条完整的美国本土锑供应链，实现辉锑矿的开采、选矿与精 炼全流程，进而生产军用级三硫化二锑，以满足美国国防工业基础的原材料需求。 ...

Investment Rating - The report indicates a positive outlook for the antimony industry, driven by increasing demand in various applications such as flame retardants and photovoltaic glass [4][21]. Core Insights - Antimony is recognized as a strategic mineral with significant market potential, particularly due to its applications in semiconductors, alloys, and flame retardant materials [4][14]. - The global antimony resource is highly concentrated in countries like China, Russia, and Bolivia, with China holding the largest reserves [12][13]. - China's implementation of export control policies in 2024 has led to a widening price gap between domestic and international markets [15][40]. - The market size of the antimony industry is projected to grow from 7.95 million tons in 2021 to 9.71 million tons in 2024, with a compound annual growth rate (CAGR) of 6.91% [37][38]. Summary by Sections Industry Definition - Antimony (Sb) is a silver-white metal with atomic number 51, widely used in various industrial applications, including semiconductors and flame retardants [5][6]. Industry Characteristics - The antimony industry is characterized by resource concentration, strategic importance, and policy sensitivity, particularly regarding export controls [12][15]. - As of 2024, global antimony reserves are estimated at 2.255 million tons, with China accounting for 670,000 tons, representing 29.7% of the total [13][14]. Development History - The modern development of the antimony industry has gone through three key phases, with China emerging as a dominant player since the 1990s [16][19]. Industry Chain Analysis - The antimony industry chain includes upstream mining, midstream processing, and downstream applications, with significant demand from the flame retardant and photovoltaic sectors [20][23]. Market Size and Growth - The antimony market is expected to experience fluctuations, with a projected decline in size from 8.98 million tons in 2025 to 8.30 million tons by 2030, reflecting a CAGR of -1.57% [37][40]. Policy Overview - Recent policies emphasize the importance of strategic minerals like antimony, focusing on resource security and sustainable development [43][45]. Competitive Landscape - The antimony mining sector in China is divided into three tiers, with leading companies like Hunan Gold and Huayu Mining at the forefront [46][50].