other_material
confidence high
sentiment negative
materiality 0.70
US Antimony shipment detained 82 days by Chinese Customs, forced back to Australia
UNITED STATES ANTIMONY CORP
- 50-ton stibnite ore shipment from Australia to Mexico detained at Ningbo port for 82 days.
- Company paid $715,413 partial payment prior to departure under existing contract.
- Chinese Customs released containers only on condition of return to Australia, not delivery to Madero smelter.
- Company assumes detention due to antimony ore content or US ownership; China banned antimony exports in Sept 2024.
- Shipment finally released June 23, 2025; company made exhaustive efforts to resolve but received no explanation.
item 7.01