Business
United States Antimony Corporation Affirms Commitment to U.S. Critical Minerals Supply Chain Amid Market Shifts and Trade Policy Developments
"The Critical Minerals and ZEO Company" DALLAS, TX / ACCESS Newswire / May 19, 2025 / United States Antimony Corporation ("USAC," "US Antimony," the "Company"), (NYSE:UAMY), operating North America's only two antimony smelters which have been processing ...
About this update from United States Antimony Corporation
[{"type":"text","content":""The Critical Minerals and ZEO Company"","length":49,"tagName":"p"},{"type":"text","content":"DALLAS, TX / ACCESS Newswire / May 19, 2025 / United States Antimony Corporation ("USAC," "US Antimony," the "Company"), (NYSE:UAMY), operating North America's only two antimony smelters which have been processing antimony for decades, reaffirms its longstanding commitment to supporting the United States' need for critical minerals independence. As the company prepares to begin excavation of previously mined and discarded antimony resources in Alaska, along with the remediation of these previously mined areas, USAC remains firmly aligned with federal efforts to both increase and strengthen domestic supply chains for critical materials essential to national defense and industrial resilience.","length":737,"tagName":"p"},{"type":"text","content":"Recent U.S.-China Tariff Agreement Does Not Affect Export Ban","length":61,"tagName":"p"},{"type":"text","content":"Last Monday, May 12, 2025, the world's two largest economies, the United States and China, reached a 90-day agreement to reduce certain extraordinarily high tariffs between the two countries, this agreement does not reverse or impact China's ongoing export ban on critical minerals, including antimony. The ban associated with antimony occurred in September of last year, prior to this administration taking office. That policy remains firmly in place and continues to restrict the availability of Chinese antimony for U.S. buyers. As a result, the U.S. remains without access to its former primary antimony source, further reinforcing the urgency of scaling domestic supply chain capabilities, which USAC is doing. In the wake of the ban last year, prices for antimony surged over five times and the strategic importance of developing alternative domestic sources was further underscored.","length":897,"tagName":"p"},{"type":"text","content":"Antimony Remains Exempt from Recent U.S. Tariffs","length":48,"tagName":"p"},{"type":"text","content":"On April 2, 2025, President Trump issued an Executive Order instituting a universal 10% tariff on all imported goods, with additional reciprocal tariffs on imports from 57 countries. However, recognizing antimony's criticality to U.S. national security, Section 3(b) of the executive order explici...