What is the current price of antimony?

As of July 4, 2026, Antimony traded at $0.4700 USD/oz on Spot. Prices update multiple times per business day on TSM Hub from exchange and benchmark feeds.

Which countries produce the most antimony?

The largest antimony producing countries are China (e40,000 metric tons), Russia (e40,000 metric tons), Tajikistan (e22,000 metric tons). Source: USGS Mineral Commodity Summaries 2026.

Which countries hold the largest antimony reserves?

The countries with the largest reported antimony reserves are China (830,000 metric tons), Russia (350,000 metric tons), Bolivia (310,000 metric tons). Source: USGS Mineral Commodity Summaries 2026.

Who are the largest global producers of antimony?

Among 840+ producers tracked on TSM Hub, the largest disclosed antimony producers include Mandalay Resources Corporation (Canada), Sun Metals Corp. / Mandalay (Costerfield, Australia) (Australia), Bolkar Madencilik (Turkish antimony operations) (Turkey). Some operating antimony producers do not publish metal-specific tonnage — such as Bolkar Madencilik (Turkish antimony operations) (Turkey), Hsikwangshan Twinkling Star Co., Ltd. (China), Hunan Huaxing Nonferrous Holdings Co., Ltd. (China) — and are listed with an “Undisclosed Output” badge instead of a rank, in line with our principle of never inventing numbers absent from primary sources. Full ranking with primary-source links is available in the producers section.

Where can I find official antimony price data?

Official antimony prices are published by Spot. TSM Hub aggregates these feeds under licensed market-data redistributor agreements and updates them twice daily.

What is the primary source for antimony production and reserves data?

Country-level antimony production and reserves figures on TSM Hub are sourced directly from the USGS Mineral Commodity Summaries 2026, the U.S. Geological Survey's authoritative annual reference. Company-level production figures come from each producer's official annual report, production report, or regulated exchange filing.

Ferronickel (FeNi) — Prices, Production, Reserves, Producers

TSM does not display real-time FeNi quotes on this page — instead, we link directly to the regulated exchanges and benchmark price-reporting agencies (PRAs) that produce the actual numbers. One True Source for All: where the data originates, that is where you should read it.

Cleared futuresLME Nickel — primary Class I reference (FeNi quoted as % payable) ↗
Cleared futuresSHFE Nickel Pig Iron (NPI) futures (CNY, listed 2024) ↗
Benchmark administrator (PRA)Fastmarkets — FeNi / NPI payable assessments ↗
Benchmark administrator (PRA)Argus Media — ferronickel and NPI prices ↗
Benchmark administrator (PRA)SMM (Shanghai Metals Market) — NPI domestic spot (CNY) ↗
Industry associationNickel Institute — industry statistics & methodology ↗

Exchange access is free for delayed prices on most LME/SHFE/CME pages; live tick-by-tick data and PRA assessments are paid subscriptions sold by the exchange or by Fastmarkets / Argus / S&P Global Platts directly. See TSM Sources methodology for the full source tiering.

What is ferronickel?

Ferronickel (FeNi) is an iron-nickel alloy with typically 20-40% Ni content, produced by rotary-kiln-electric-furnace (RKEF) smelting of nickel laterite ore. Nickel pig iron (NPI), a lower-grade variant (1.5-15% Ni), is produced by similar but cheaper Chinese / Indonesian RKEF and blast-furnace lines using lower-grade limonite ore. Together FeNi and NPI form the Class II nickel market — unrefined nickel units sold directly into stainless steel furnaces. The separate Class I nickel market (LME-deliverable refined cathode, briquettes, pellets, melted electrolytic) feeds battery-cathode precursor (NMC) and superalloy production, and is a much smaller but higher-margin segment.

How FeNi is priced

FeNi pricing is benchmarked to a discount or premium against the LME Nickel primary contract — the so-called FeNi payable, typically expressed as a percentage of LME nickel value (e.g. 70-95% payable depending on Ni content, ore source and metallurgical impurities). NPI (lower Ni grade) trades at a wider discount. Daily assessments come from Fastmarkets, Argus Media and SMM. Since 2024 SHFE has listed NPI futures, providing a CNY benchmark for the Class II Ni market specifically. The two-tier Class I / Class II nickel structure means LME nickel price moves do not automatically pass through to stainless raw-material costs in proportion.

Where FeNi/NPI comes from

Indonesia is by far the dominant producer of FeNi and NPI globally, with production concentrated in the Tsingshan-anchored Sulawesi industrial parks. Per USGS MCS 2026 Nickel, Indonesian nickel output rose approximately 13% in 2025 as new RKEF operations came online. Other significant FeNi producers include New Caledonia (Eramet SLN), the Philippines (multiple small-scale RKEF), Brazil (Anglo American Barro Alto, Vale Onça Puma), Colombia (Cerro Matoso, owned by South32 — although the smelter is on care-and-maintenance after 2024), and Greece (Larco). NPI production is overwhelmingly Indonesian; the Chinese NPI industry largely relocated to Indonesia after the Indonesian raw-ore export ban (2014, reinstated 2020).

Who produces FeNi/NPI

The Indonesia-anchored modern producer base:

Tsingshan Holding Group — anchors IMIP Morowali and IWIP Weda Bay industrial parks, world's largest stainless-Ni complex.
Nickel Industries Limited (ASX:NIC) — Hengjaya RKEF lines, RKEF joint ventures with Tsingshan inside IMIP/IWIP.
Eramet — SLN Doniambo smelter (New Caledonia), Weda Bay Nickel mine (Indonesia, via PT Weda Bay Nickel JV with Tsingshan; mine only, not smelter).
Vale — Onça Puma FeNi smelter (Brazil), PT Vale Indonesia FeNi via Sorowako matte route (output mostly nickel matte, not FeNi).
Anglo American — Barro Alto FeNi smelter (Brazil).
POSCO — Indonesia FeNi via PT Cleanaway (technical partnership).
Larco — Greece (small EU producer).

What FeNi is used for

Per USGS MCS 2026 Nickel, stainless steel and other nickel-bearing alloys account for over 85% of US nickel consumption — and Class II nickel (FeNi/NPI) is the dominant feed for this route. FeNi/NPI is melted directly with chromium-bearing units (FeCr) and steel scrap in the stainless EAF or AOD (argon-oxygen decarburisation) converter. The lower-Ni NPI grade is preferred for 300-series and 200-series stainless where premium pure-Ni input would be wasteful. The remaining ~15% of nickel consumption (in batteries, superalloys, electroplating) requires the higher-purity Class I nickel and does not consume FeNi/NPI.

Key facts about FeNi supply

Nickel is on the USGS 2025 Critical Minerals list and is a Strategic Raw Material under the EU CRM Act 2023.
The structural shift of FeNi/NPI production from China to Indonesia (2014-2024) was driven by Indonesian government policy banning raw-laterite-ore exports (2014, reinstated and tightened 2020) and the resulting downstream-processing investment incentives.
The same Indonesian industrial parks are now extending into HPAL (high-pressure acid leach) nickel sulphate for the EV battery chain — connecting Indonesian Class II FeNi to the global Class I battery-cathode market for the first time.
Reserves: see parent Nickel page for upstream Ni-ore reserves country-by-country.

USGS Mineral Commodity Summaries 2026 — primary statistics for crude steel, iron-steel scrap, manganese, chromium and nickel.
London Metal Exchange — Ferrous contracts — regulated cleared futures for HRC FOB China (Argus), HRC NWE, HRC NA, Steel Rebar FOB Turkey (Platts), Steel Scrap CFR Turkey (Platts), LME Nickel.
World Steel Association — monthly crude steel production by country and annual top-50 producer ranking.
Fastmarkets, Argus Media, S&P Global Platts — UK/EU BMR-regulated benchmark administrators.
International Manganese Institute, International Chromium Development Association, Nickel Institute, worldstainless / ISSF, Bureau of International Recycling (BIR) — industry-association statistics and methodology.
EU Carbon Border Adjustment Mechanism (CBAM, Regulation 2023/956) — in force definitive period since 1 January 2026.

Editorial principle: every figure on TSM Hub product pages is sourced from an official primary publication (USGS, LME, World Steel Association, EU regulation, or industry association). No Wikipedia or aggregator citations.

← Back to Ferroalloys group

Ferronickel (FeNi)

Where to find live FeNi prices

About Ferronickel (FeNi)