Oct 20, 2026 · 45 min
China’s antimony leverage exposes America’s supply gap
China's Nov. 27 Deadline: America's Next Supply Shock? | Rodney Stevens
Antimony supports defense and industrial applications, but the United States remains dependent on foreign supply while new mines face long timelines and substantial execution risk.
- 1China’s export restrictions have made antimony’s strategic importance and opaque pricing harder for U.S. buyers to ignore.
- 2NSJ Antimony is advancing the historic Lake George project, but drilling, assays, permitting, capital and infrastructure remain unresolved.
- 3Mining success depends as much on disciplined management and capital allocation as on discovering a potentially valuable ore body.
Don't miss
Rodney Stevens explains why NSJ would want to drill out Lake George’s full ore-body potential before considering a strategic acquisition.
The brief
Antimony sits inside ammunition, flame retardants, solar and other industrial supply chains, yet the United States depends heavily on imports. China’s export restrictions sharpen that vulnerability.
Rodney Stevens argues that renewed controls after November 27 could expose a market already shaped by declining supply and limited transparency. Perpetua Resources serves as a public-market proxy for pricing.
NSJ Antimony is pursuing the historic Lake George region in New Brunswick, where surface work and drilling are advancing a project still at the pre-discovery stage.
The discussion stresses why domestic supply is difficult: mines require years, capital and permits, while Lake George previously closed amid low prices, flooding and regulatory obstacles.
Stevens closes on mining’s central risk: competent management must protect capital, avoid poor hedging and define the ore body before pursuing a strategic sale.
Weekly email
State of the Pod, every Monday
The week's most-discussed names and stories from podcasts, with the moments behind them. Free, five minutes, unsubscribe in one click.