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China is set to restrict antimony exports starting in 2024, causing prices to surge from approximately US$15,000 to over US$60,000 per ton. China controls 70% of the antimony market, critical for defense and semiconductor sectors.

Companies like Airbus require antimony for flame retardants. The material is strategically vital for Canada, the US, and the EU, prompting demand for alternative supply projects amid rising prices and predictions of shortages.

Russia is not a viable supplier due to sanctions. GoldMining has significant antimony resources in its Crucero project in Peru, while Southern Cross Gold Consolidated's Sunday Creek project in Australia includes gold and antimony, supported by the Australian government.