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American Focus > Blog > Economy > The Secret Metal That Helped Win WWII is Back, And Prices Are Soaring
Economy

The Secret Metal That Helped Win WWII is Back, And Prices Are Soaring

Last updated: November 24, 2024 6:20 pm
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More than a century ago, a ship set sail from a Nova Scotia harbor with a cargo that held immense value, although not recognized at the time. The crew was optimistic, heading towards Wales in hopes of striking it rich with the metal they carried. Unfortunately, their journey was cut short when a German U-boat attacked, causing the ship to sink along with its mysterious cargo of antimony.

Antimony, a mineral that was once overlooked, has now become a crucial element in modern military and industrial applications. From bullet casings to explosives, antimony played a significant role in both World War I and World War II. Today, it is a vital component in the production of semiconductors, batteries, and solar panels, making it indispensable in the modern world.

With the United States heavily reliant on antimony imports from China, the security of the domestic supply chain has come into question, especially amidst rising tensions between the two countries. Recognizing the importance of securing a domestic source of antimony, Military Metals Corp. has revisited the historic West Gore Antimony Project in Nova Scotia.

By acquiring one of Europe’s largest antimony deposits in Slovakia and the West Gore project in North America, Military Metals Corp. is positioning itself as a key player in the global antimony market. The company’s strategic move comes at a crucial time when the U.S. government is investing heavily in securing domestic sources of critical minerals, including antimony.

As demand for antimony continues to rise across various industries, companies like Military Metals Corp. are poised to benefit from the growing market. With billions of dollars allocated towards securing domestic mineral supplies, the company stands to gain substantial financial support.

See also  JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expenses

In conclusion, the re-emergence of antimony as a critical mineral underscores the importance of securing domestic sources to safeguard national security and economic stability. With China’s control over the majority of the world’s antimony supply, companies like Military Metals Corp. are playing a vital role in ensuring a reliable and secure source of this essential mineral.

TAGGED:helpedMetalPricesSecretsoaringwinWWII
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