China Nonferrous Metals Industry Association Antimony Branch (CAA) has held an industry meeting calling major producers to reduce output in a move that is likely to halt the price decline since the start of the year, market sources told Fastmarkets.
Several major antimony producers, whose output accounts for more than 80% of the country's total volume, including China Minmetals Rare Earth Co, Hunan Chenzhou Mining, Hsikwangshan Twinkling Star Co, Yunnan Muli Antimony Industry Co and Guizhou Dongfeng Antimony Co attended a meeting in Lengshuijiang city, in central China's antimony production hub of Hunan province on Saturday June 1, Fastmarkets understands. CAA did not specify how much antimony output will be cut this year, but many domestic antimony producers were heard to have either held their offer prices firm or refrained from offering shortly after...