U.S. Antimony’s shares fall amid efforts to reduce reliance on China for antimony, a mineral critical to defense and tech industries.
United States Antimony (UAMY) shares have dropped 57% from their 52-week high, trading 17% lower over the past month. The decline comes despite growing U.S. demand for antimony, a mineral classified as critical for military and high-tech applications, with the country consuming over 50 million pounds annually.
The company reported weaker first-quarter results, with revenue declining and a loss posted after a year-ago profit. CEO Gary Evans acknowledged challenges in scaling operations but emphasized the strategic importance of domestic production as Western nations seek alternatives to China, the world’s largest antimony supplier.
Investor interest in critical minerals has risen as geopolitical tensions highlight supply chain vulnerabilities. UAMY’s positioning in the U.S. market could attract risk-tolerant buyers despite recent volatility.