JIEFU antimony NEWS:U.S. Antimony announces the purchase of an antimony plant in Mexico

United States Antimony Corporation announced Monday that through its wholly owned subsidiary, Antimonio de Mexico, S. A. de C. V. (ADM) purchased the balance of all the outstanding shares of U. S. Antimony de Mexico, S. A. de C. V. (USAMSA) on March 22, 2006.

USAMSA operates a plant to process antimony ore into metal and oxide in central Mexico. The plant was constructed by USAC using proprietary technology and has a capacity of more than 7,500 pounds per day of antimony metal equivalent. It was last operated in 1998 to produce antimony metal and was shut down due to low prices. Although the plant is permitted, various improvements will be made to increase recovery, capacity, and improve environmental compliance.

The USAMSA plant has the advantage of having water, electricity, railroad access, major highway access, and a supply of natural gas for the future. It is convenient to the concentrates that will be produced by ADM in the State of Queretaro, other Mexican mines, and from overseas.

USAC is the only significant producer of antimony products in the United States. Since the beginning of February, antimony metal prices have increased by 29% to $2.57 per pound. China controls 89% of the world production, and most of it is being consumed internally in China. Short-term supply is very tight, and prices are expected to increase.

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