world’s largest antimony producer.According to its website, Minmetals has interests in tungsten, copper,alumina, bauxite and molybdenum mines and smelters.But the move to take control of Twinkling Star will be its fi rst foray into antimony mining.With such a powerful trading house in charge of marketing so much material, prices will see greater volatility and sharper moves on the upside this year,the buyer said. “I’m not a gambler, […] butdecreasing prices would be against sense – you will see prices rise,” he said.Trioxide-grade antimony was at $6,300-6,500 per tonne basis in-warehouse Rotterdam on January 13 compared with $6,000-6,250 per tonne at the start of the year.Antimony saw volatile prices even before the takeover, trading between $4,050 and $6,475 per tonne in 2009. |