The Booty Report

Arrr! China be hoardin’ shiny rocks, makin’ it tough fer the Yanks to craft their cannon-fodder!

2024-09-17

Arrr! China’s hoisted the sails on export controls fer a heap of shiny minerals, antimony among 'em! Now, the U.S. defense lads be sweating like a swab in a storm, as prices be climbin' higher than a crow’s nest! Avast, me hearties, the treasure hunt be on!

Ahoy, me hearties! Gather 'round as I spin ye a yarn of treachery on the high seas of commerce! China, that crafty dragon, hath laid down the law, slappin' fresh export controls on a wee metal known as antimony. Aye, this here element be vital for the U.S. defense industry, servin' as a flame-retardant in machineries that keep the cannons fire-ready! With China producin' nearly half the world's stash of this precious mineral, prices be settin' sail sky-high!

This scallywag metal be used in all manner of weaponry and gizmos—from ammunition to night vision, makin' it a treasure for both landlubbers and sea dogs alike. But lo! The new restrictions mean American traders must beg the Chinese government for permission to acquire this precious cargo, a process that could take longer than a slow boat to China!

With antimony prices nearly doubling to a staggering $22,750 per ton, it seems our buccaneers in Congress be wringin' their hands! The U.S. must find new shores for its precious minerals and break free from the shackles of reliance on the Dragon. Yarr, but fear not! One brave crew, Perpetua Resources, be hopin’ to mine this treasure at home, albeit with some pushback from the landlubber environmentalists.

So, batten down the hatches, mateys! The quest for antimony be on, and it looks like the seas of trade be gettin' stormy! Arrr!

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