The situation has shifted a bit since 2019. That said, the stock's recent surge is a bit concerning and it is possible it's rising for the wrong reasons which could bring a sharp reversal. It is a key producer of a strategic metal and, if antimony prices rise, has the potential to earn a substantial income. Overall, United States Antimony's position today is strong. government is unlikely to allow UAMY to go under since a domestic production source is needed. While the grant was not huge, it illustrated the fact that the U.S. Due to this risk, the Department of Defense gave UAMY a grant to establish a supply of antimony in the U.S. In the past, China has threatened to cut exports of strategic metals which could jeopardize the U.S. This is problematic considering antimony is a key ingredient in ammunition as well as flame retardants. The rest mainly (around 90%) comes from China. My bullish view was tied to the fact that UAMY is the only significant producer of antimony. Back then, the company was trading at $0.50 today it is 215% higher at $1.6 per share. I gave the company a bullish outlook toward the end of 2019 in " United States Antimony: 'Department Of Defense Put' To Rescue Share Prices". One of which includes the United States Antimony Corporation which trades under the ticker NYSE: UAMY. This has caused impressive rallies in many strategic metals stocks.
COVID caused a decline in output around the world while demand has increased. However, the situation has shifted over the past year. Metal prices have been low which has caused many U.S.
Most of these less-common metals have been in a glutted market over the past decade due to increased production in Asia. The rare earth and strategic metals industry has gone from frigidly cold to steaming hot over the past few months.
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