State Reserve Bureau (SRB) could soon conduct a second round of
antimony buying to make up for a shortfall in a tender late
last year, according to market sources.
There is talk that the SRB plans
to buy about 4,000 tonnes of the minor metal, following a
purchase of about 4,000 tonnes in November.
"The original plan was to buy
7,500 tonnes (in November), but the SRB only managed to buy
about 4,000 tonnes as its offer and payment terms were not good
enough," one market source told AMM sister publication
A few major state-owned antimony
smelters participated in the November state reserve purchase,
and they are still delivering the material, sources said.
"Our estimate is that the SRB
will conduct and finish the second round of purchasing before
May," a source at a major smelter said.
But such a purchase might do
little to help boost antimony prices, given high inventory
levels and limited demand.
"That amount would be small compared with the inventories of
antimony smelters. They have thousands of tonnes," one trader
A version of this article was first published by AMM sister
publication Metal Bulletin.