The Hillgrove mine in New South Wales, Australia, restarted production in late August after more than a decade. Larvotto Resources acquired the site in 2023; the company says antimony has since more than doubled in price and now costs 26,300 US dollars per tonne. The operation is expected to supply 5,000 tonnes of antimony to the world market.
Near Armidale, trucks have returned to the Hillgrove mine after an absence lasting more than a decade. Gold miners worked the New South Wales site during the nineteenth century; current production restarted in late August. Operator Larvotto Resources expects the mine to supply 5,000 tonnes of antimony to the world market. The restart reconnects the long-idle site to global antimony supply and revives activity at the mine.[1]
Larvotto Resources acquired the site in 2023. Since then, the antimony price has more than doubled and now stands at 26,300 US dollars for each tonne. Managing director Ron Heeks described a global shortage and said today's price is much higher than it was five years ago.[1]
Uses for antimony range from batteries, defence production and fire retardants to glass and solar-panel cells. A classification made this year added the metalloid to the critical-mineral category. A global commodities-market specialist cited in the report said the reopened mine's success depends on changing conditions in the international market. The announced output will enter a variable global commodities market, where the operation's commercial outcome will be determined.[1]
