Sept 10 (Reuters) - United States Antimony Corp. ( UAMY )
, the only smelter of antimony in North America, said on
Tuesday it was looking to increase its supply of the minor
metal, which would then allow it to ramp up its facility.
Antimony, a strategic minor metal used in flame-retardants,
batteries and munitions, was added to China's export restriction
list in August, as it aimed to shore up the material in the name
of national security.
Last year, China accounted for 48% of global mined output of
antimony, according to the U.S. Geological Survey (USGS).
Gary Evans, the co-chief executive officer of United States
Antimony ( UAMY ), said that its smelting facility at Thompson Falls was
only running at 50% of its capacity due to a lack of supply.
"We're working on changing that, and it'll probably happen
over the next 30 to 60 days. Those additional supplies will
probably come from foreign sources - we're talking to 12
different countries," Evans said at the H.C. Wainwright 26th
Annual Global Investment Conference.
The company has also leased a flotation facility in
Philipsburg, Montana, that would help refine sub-par antimony
and "bring it up to the levels it needs to be to make
munitions-grade antimony," Evans added.