Shares at Chinese antimony producers jump on latest exports limit
By Amy Lv and Tony Munroe
BEIJING, Aug 16 (Reuters) -Share prices of Chinese antimony producers jumped by up to 10% on Friday following Beijing's decision to limit exports of strategic mineral of which it is the dominant supplier.
China will impose export limits on antimony and related elements in the name of national security, its commerce ministry said on Thursday, staring from Sept. 15.
China accounted last year for 48% of global mined output of antimony, a strategic metal used in military applications such as ammunition, infrared missiles, nuclear weapons and night vision goggles, as well as in batteries and photovoltaic equipment.
Shares in Tibet Huayu Mining 601020.SS climbed by more than 10%, triggering its upper price limit, to 12.3 yuan ($1.71). The company's shares are up by nearly 20% so far this year.
Hunan Gold 002155.SZ and Guangxi Huaxi Non-Ferrous 600301.SS shares rose more than 3%.
($1 = 7.1774 Chinese yuan)
Reporting by Amy Lv and Tony Munroe; Editing by Christian Schmollinger
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