Money
Antimony extends gains in Shanghai
(China Daily)
Updated: 2010-04-21 11:21
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SHANGHAI - Antimony prices in Shanghai extended gains from two weeks earlier, with prices likely to remain strong in the next month or two before supply improves, industry sources said on Tuesday.
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"We may still see prices rise further, but it should be the end of a fast rally," said an Asian Metal analyst based in Beijing. "In a month or two, some smelters may get approval to re-launch production, while other small ones may be absorbed into bigger ones. But if the crackdown goes on for another six months or a year, supply will be extremely tight."
Reuters
