Dual return profile: How Antimony Resources combines the security of MP Materials with the potential of Albemarle

MP Materials 2.0: The fortress against the Chinese monopoly

Now, in 2026, there are many signs that Antimony Resources could be the next name in this elite group. The company stands at the intersection of two megatrends: it has the critical raw material antimony, which the Pentagon plans to secure at any cost, and at the same time, it has the material that could revolutionize the next generation of large stationary batteries. For investors, this presents an opportunity to bet on both the military buildup of the West and the next stage of the green energy transition with a single stock.

The strategic parallels between the situation of MP Materials a few years ago and Antimony Resources today are striking and hard to overlook for attentive investors. China controls the global antimony market with a dominance of around 48% of production and an even higher share of processing, similar to what once happened with rare earths. But unlike in the past, Beijing is now openly using this position of power as a geopolitical weapon. As current market data from Rotterdam shows, the Chinese export restrictions introduced in September and December 2024 have driven the price of antimony to historic highs.

"Project Vault" pushes up prices

This price explosion is not a temporary phenomenon, but the result of a structural shortage. Antimony is indispensable for modern armies. It is used to harden lead in ammunition, is found in ignition technology and armor-piercing projectiles, and is essential for the manufacture of night vision devices and infrared sensors. Without antimony, modern armed forces are blind at night and severely limited in their firepower.

The US response to the current emergency is decisive and historically unprecedented: Project Vault. As recently announced, the US has launched a USD 12 billion program to build strategic raw material reserves and end its dependence on China. Financed by a gigantic USD 10 billion loan from the Export-Import Bank (EXIM) and supported by industry giants such as Boeing, General Motors, and GE Vernova, this project aims to guarantee the supply of 60 critical minerals. With its Canadian Bald Hill project, Antimony Resources is positioning itself as the ideal, logical supplier for this strategic reserve. In recent weeks and months, the company has scored with excellent drilling results. Just as MP Materials grew large thanks to government support and purchase guarantees, Antimony Resources could become the preferred partner of the Pentagon and NATO allies. For investors, this would mean political support, accelerated approval processes, and potentially guaranteed purchase prices beyond the volatile spot markets.

The Albemarle effect: The silent giant of the energy transition

But the investment story of Antimony Resources does not end with defense and national security. While MP Materials remained primarily a "defense play," Antimony Resources has the potential to follow Albemarle's growth path as well. Antimony is not only a war metal, but also the chemical key to liquid metal batteries, which experts consider extremely promising for stationary energy storage. These batteries are extremely durable, often lasting 20 years without loss of capacity, are non-flammable, and do not require complex cooling mechanisms. If this technology catches on, and companies like Ambri are working hard to commercialize it, demand for antimony is likely to far exceed current production capacities.

With Bald Hill, Antimony Resources controls a deposit that is not only geologically promising but also has historical data that could enable rapid development. The company is currently working aggressively to convert Bald Hill's potential, which has so far only been defined conceptually, into an initial resource estimate in accordance with NI 43-101 standards through definition drilling and to expand this across the area. In a market where physical availability is more important than price, Bald Hill is more than just a project – it is a strategic bulwark for Western industry. The market is increasingly pricing in this scenario for Antimony Resources. Nevertheless, the market capitalization is currently only slightly more than CAD 70 million – if the Bald Hill project goes into production, a significant revaluation is likely.