Vietnam’s antimony industry is forecast to expand from US$1.6 million in 2025 to US$23.83 million in 2034, achieving a compound annual growth rate (CAGR) of 35.0 percent, according to a report from Research and Markets→view source.
Key details in the report include:
- Industry chain: The sector spans upstream mining (mainly stibnite), midstream smelting (e.g. roasting and carbon thermal reduction), and downstream applications such as flame retardants (60 percent of demand) and batteries (20 percent).
- Global drivers: Rising fire safety regulations and growth in lead-acid batteries for EVs and energy storage are fuelling global demand.
- Regional demand: The Asia-Pacific region leads global consumption, with strong demand from the electronics, construction, and automotive sectors. Vietnam is a key supplier.
- Vietnam’s position: Key deposits are in the northern provinces, such as Mau Due and Ta Ton–Don Ngeun. Ha Giang Mining Machinery Company (HGM) operates several major veins.
- Government policy: Vietnam’s 2025–2035 strategy aims to confirm 4,756 tonnes of reserves by 2025, with an additional 3,030 tonnes targeted by 2035 to ensure long-term supply.
See also: Vietnam’s Mining Industry 2025: Key Trends, Resources, and Data