Zeus has acquired the Casablanca Antimony Project in Morocco from Ashgill Morocco Limited, covering six exploration licenses and enhancing its market position. Antimony has various industrial uses and is anticipated to see significant market growth. The deal is strategic amidst tightening supply and increasing demand, particularly in photovoltaics and military sectors.
Australia’s Zeus has entered into an agreement with Ashgill Morocco Limited to acquire the Casablanca Antimony Project, renowned for its high prospects in central Morocco. The project encompasses six exploration licenses across an area of 79 cubic kilometers, potentially bolstering Zeus’s position in the antimony market.
Antimony is a metallic element used across various industries, including military and automotive sectors, as well as in solar photovoltaics. Maximize Market Research estimates the antimony market to be valued at approximately $299.28 million in 2023, with revenues anticipated to grow by 5.9% from 2024 to 2030, reaching nearly $447 million.
Maximize Market Research noted, “Global Antimony is a valuable mineral that is regularly utilized in modern industrialized countries.” This element enhances the strength, durability, and chemical resistance of alloys across numerous industries, such as those used in lead-acid storage batteries.
Tip Ranks emphasized Zeus’s strategic decision, positioning the company to benefit from a tightening antimony market driven by supply constraints and heightened demand in industries such as solar photovoltaics and military supply chains. Furthermore, they highlighted Morocco’s assets as favorable for mining investment.
List Corp remarked on the significance of antimony as a critical mineral for various industrial applications, noting the current supply constraints in the global antimony market due to factors such as production declines and export restrictions in China, which have led to record-high prices and a tightening supply-demand dynamic.
The acquisition of the Casablanca Antimony Project positions Zeus strategically within the high-demand antimony market, which is experiencing significant supply constraints and rising prices. With the potential for substantial growth projected in this sector, Zeus is well-poised to leverage its new assets in Morocco to strengthen its market presence and capitalize on the increasing industrial need for antimony.
Original Source: www.moroccoworldnews.com
