Antimony Prices Soar as Global Demand Surges
Gold and Antimony prices continue to outperform the market
(EMAILWIRE.COM, September 09, 2010 ) San Diego, CA - A little-known metal that is essential for industrial nations Worldwide is making headlines. The silvery-white substance used in flame retardant formulations in the plastic, textile, paint, rubber and other industries is skyrocketing.
According to Glenys Sim with Bloomberg in a September 7th 2010 article, “antimony may extend its rally after climbing to a record in China as Hunan province, the country’s largest producing region, curbs output to comply with central government restrictions, industry analysts said.”
Read Full article: http://www.businessweek.com/news/2010-09-07/antimony-may-extend-rally-after-reaching-china-record.html
Quoting the article, “the metal, used in car batteries and as a flame retardant in electrical appliances, reached a record 71,000 yuan ($10,461) a metric ton in Changjiang, Shanghai’s biggest cash market, on Sept. 2 (and traded at that level on September 7, 2010). Ingot with a minimum purity of 99.85 percent, the main industrial grade, has jumped 66 percent this year. Also noted, the steep increase is price is widely attributed to China's internal demand, compounded by their decreased production as a majority of their mines were closed due to pollution.”
A recent statement by Silverado Gold Mines Ltd (OTCBB: SLGLF) cites "a major decline in output, and given the antimony trioxide flame retardant industry continues to grow at 8% a year, and as new uses for the strategic metal including window frames for building construction and additives to carbon fiber components emerge, the market price is expected to continue rising."
According to Silverado Gold Mines Ltd., their Nolan property displays North America's most consistent width (six inches to two feet) of stibnite (antimony sulfide) as an ore body grading 28% antimony -- or 616 pounds per metric tonne. Recent volume and interest in SLGLF indicates that investors may have taken notice of Silverado's antimony deposits and the corresponding antimony market.
In other news this week, Tanzanian Royalty Exploration (AMEX) Endeavour Silver (AMEX: EXK) and Exeter Resource Corp (AMEX: XRA) advanced by 6% or more over the past week.
For more information on Silverado Gold’s Antimony properties please review:
Silverado Gold Mines Ltd http://www.silverado.com
Feasibility Study for Nolan Creek (Amended June 1, 2009) found at http://www.silverado.com/projects/nolan-creek/.)
Disclaimer:
This editorial and corporate profile is a paid advertisement and is provided for information purposes only; it should not be used as the basis for any investment decision. Del Mar Corporate Consulting, LLC expects to receive a total of 45,000,000 Common Shares from Silverado Gold Mines Ltd. as compensation for preparation and distribution of this editorial, corporate profile, as well as other investor relations services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Del Mar Corporate Consulting, LLC and its principals currently holds no shares in the company profiled. Del Mar Corporate Consulting, LLC or its principals may buy or sell securities in the company profiled at any time without notice.
For Further Disclaimer Information: http://delmarcorporate.com/Disclaimer/
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According to Glenys Sim with Bloomberg in a September 7th 2010 article, “antimony may extend its rally after climbing to a record in China as Hunan province, the country’s largest producing region, curbs output to comply with central government restrictions, industry analysts said.”
Read Full article: http://www.businessweek.com/news/2010-09-07/antimony-may-extend-rally-after-reaching-china-record.html
Quoting the article, “the metal, used in car batteries and as a flame retardant in electrical appliances, reached a record 71,000 yuan ($10,461) a metric ton in Changjiang, Shanghai’s biggest cash market, on Sept. 2 (and traded at that level on September 7, 2010). Ingot with a minimum purity of 99.85 percent, the main industrial grade, has jumped 66 percent this year. Also noted, the steep increase is price is widely attributed to China's internal demand, compounded by their decreased production as a majority of their mines were closed due to pollution.”
A recent statement by Silverado Gold Mines Ltd (OTCBB: SLGLF) cites "a major decline in output, and given the antimony trioxide flame retardant industry continues to grow at 8% a year, and as new uses for the strategic metal including window frames for building construction and additives to carbon fiber components emerge, the market price is expected to continue rising."
According to Silverado Gold Mines Ltd., their Nolan property displays North America's most consistent width (six inches to two feet) of stibnite (antimony sulfide) as an ore body grading 28% antimony -- or 616 pounds per metric tonne. Recent volume and interest in SLGLF indicates that investors may have taken notice of Silverado's antimony deposits and the corresponding antimony market.
In other news this week, Tanzanian Royalty Exploration (AMEX) Endeavour Silver (AMEX: EXK) and Exeter Resource Corp (AMEX: XRA) advanced by 6% or more over the past week.
For more information on Silverado Gold’s Antimony properties please review:
Silverado Gold Mines Ltd http://www.silverado.com
Feasibility Study for Nolan Creek (Amended June 1, 2009) found at http://www.silverado.com/projects/nolan-creek/.)
Disclaimer:
This editorial and corporate profile is a paid advertisement and is provided for information purposes only; it should not be used as the basis for any investment decision. Del Mar Corporate Consulting, LLC expects to receive a total of 45,000,000 Common Shares from Silverado Gold Mines Ltd. as compensation for preparation and distribution of this editorial, corporate profile, as well as other investor relations services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Del Mar Corporate Consulting, LLC and its principals currently holds no shares in the company profiled. Del Mar Corporate Consulting, LLC or its principals may buy or sell securities in the company profiled at any time without notice.
For Further Disclaimer Information: http://delmarcorporate.com/Disclaimer/
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Press release distribution and press release services by EmailWire.Com:
http://www.emailwire.com/press_release_distribution_lists.php .
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EmergingSmallCaps
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Tel: 760-448-4080
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
EmergingSmallCaps
Brian Hill
Tel: 760-448-4080
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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