Jan 6 Reuters Antimony prices are likely to hit record levels as consumers seek alternative supplies following China39;s latest export ban with growing trade tensions changing the dynamics around markets for critical materials.

Last month, China banned exports to the United States of critical minerals gallium, germanium and antimony.

Prices of antimony , used in semiconductors and military applications, hit alltime highs, currently trading between 39,50040,000 per metric ton in Rotterdam as of Dec. 31. Prices rose by around 250 in 2024.

Traders expect prices to climb above 40,000 a ton following China39;s ban amid an ongoing global supply shortage.

We have already sold some small quantities for 40,000, a minor metals trader in Europe said. NonChinese sellers…will charge more to maximize profits.

China produced nearly 50 of global antimony supplies estimated at 83,000 tons last year, according to data from U.S. Geological Survey USGS.

Traders said China39;s bans are in line with a strategy to consolidate mineral production internally.

The U.S. has already diversified its supply chains away from China where possible, buying more from southeast Asia, said Ellie Saklatvala, head of nonferrous metals pricing at Argus. However, it is unclear in the nearterm how they will be able to fill the gap now left by China.

China also banned exports of gallium , germanium to the United States, but this will have limited impact as the U.S. has stopped buying these critical…