Antimony Mining Market Experiencing Rapid Growth as a Result of Growing Demand Across Various Sectors

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NEW YORK, Aug. 11, 2025 /CNW/ -- Industry insiders say that the global demand for Antimony market is expected to continue growing for several years to come. Some key uses of antimony include: Antimony alloys improve the durability of lead-acid batteries in military vehicles; Its flame-retardant properties enhance the fire resistance of military uniforms and equipment; and it is used in semiconductors for infrared sensors and night-vision devices. These are crucial for defense technology.  A 2025 report from Research and Markets revealed the antimony market size is expected to see strong growth in the next few years. It will grow to $6.54 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to advanced electronics, EV revolution, stringent regulations, global economic conditions, exploration and mining developments.  Major trends in the forecast period include green technologies, battery technologies, market expansion in Asia-Pacific, shift towards sustainable antimony production, supply chain challenges and price volatility.  The anticipated growth of the antimony market is attributed to the escalating number of fire accidents and the implementation of rigorous fire safety regulations. According to these regulations, prioritizing prevention is crucial to averting fire-related incidents. The surge in fire accidents has led to an increased demand for fire safety measures, consequently driving up antimony production. Antimony is commonly utilized as a flame inhibitor in fire-resistant apparel, flame retardants, and various fire protection systems. For example, in November 2023, reports from the National Fire Protection Association (NFPA), a non-profit organization based in the United States, revealed that in 2022, local fire departments in the U.S. responded to 1.5 million fire accidents. These incidents resulted in the loss of 3,790 lives, with 13,250 individuals sustaining injuries. The property damage from these fires is estimated to be $18 billion. Moreover, between 2021 and 2022, apartment fire-related deaths increased by 14%, injuries by 7%, and property losses by 6%. Consequently, the surge in fire incidents and the enforcement of stringent fire safety regulations are key drivers for the antimony market."  Active mining companies active in markets currently include: Xtra Energy Corporation (OTCPK:XTPT), United States Antimony Corporation (NYSEAmerican:UAMY), Perpetua Resources Corp. (NASDAQ:PPTA), MP Materials Corp. (NYSE:MP), Dateline Resources Limited (OTC-BB:DTREF).