Commodities
Metal For Bullets Risks Shortage After Near-300% Surge
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A global shortage of antimony — widely used in munitions — could worsen as the US and Europe replenish stockpiles of bullets and bombs used in Ukraine, according to the company building one of the niche metal’s few new sources of supplies.
Larvotto Resources Ltd. is due to start a mine in Australia next year, offering a rare new stream of output from a Western nation in an antimony industry dominated by China and Russia. Prices of the metal are nearly four times higher than a year ago, after Beijing tightened exports of critical materials, triggering a scramble for supplies across high-tech and defense industries.