Beaver Brook in Newfoundland could produce five percent of the world’s antimony supply — a mineral critical to warfighting that Washington now calls a national security emergency. China shuttered it.

In the rugged interior of Newfoundland, an hour’s drive west from the Canadian Forces Base in Gander, sits a dormant mine with profound implications for the nation’s security and prosperity. Beaver Brook could be the largest North American producer of antimony — a critical mineral threaded through the entire spectrum of modern military hardware, from small arms and artillery shells to advanced missile seekers and night-vision goggles.

But China owns the mine and shut it down in early 2023 — one year before Beijing imposed export controls blocking antimony sales to U.S. military end users, driving prices from about US$5,900 per tonne to more than US$50,000.

https://www.thebureau.news/p/china-owns-canadas-only-antimony?

 

Interesting that focus of article is on China when it appears that the property was sold to a Cdn mining company back in 2018…..not confirmed but it looks that way.