U.S. Antimony Reports Antimony Price Increase and Large Zeolite Order

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1772-nysemkt/uamy/19198-u-s-antimony-reports-antimony-price-increase-and-large-zeolite-order.html

THOMPSON FALLS, Mont.–(BUSINESS WIRE)–United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported the following sales for April:

Product April 2016
Antimony pounds 221,145
BRZ zeolite tons 1,253
Gold from Australia ounces 60.109

Production of antimony during April was actually 349,224 pounds that had been sold but 128,079 had not been delivered. Zeolite sales were good despite bad weather conditions. Additionally, BRZ, a wholly owned subsidiary of USAC, has received a new order for 1,400 tons of zeolite for the mining industry. The shipment of this order could be as fast as 160 tons per week.

USAC reported that the Rotterdam price for antimony metal has increased from $2.449 per pound on April 1 to $2.834 on April 25, a 15.7% increase. The Rotterdam pricing is fundamental to Europe where inventories are low. The increase in prices will begin to impact USAC sales by the end of May.

 

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