This project could have an enormous influence on the price of MOA. China controls 90% of the market.
Lengshuijiang, known as the world’s antimony capital, is where most of China's Antimony is mined.
China’s dominance in antimony is so great that any change in its environmental policy is felt immediately in trading and prices.
As Beijing has clamped down on polluting mining, the antimony price has risen to a high of nearly $11,000 a tonne, a 150 per cent increase since January 2009. There are fewer antimony mines in operation because of pollution concerns. Small illegal operations have been closed down and only two of the largest mines are left operating. It won't take much to create a shortage and further price spike.
If they drill before the snow flies at Little River then they will have to start soon. Two things to look forward to this week-more results at Valentine Lake and more news on Little River.
Cheers,
JR.