This week, the mining sector made headlines after officials confirmed Iran’s lithium and antimony discoveries across multiple provinces. The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced it had discovered 7,000 metric tons of antimony after a decade of exploration.
The largest deposit lies in Sistan and Balochistan and could supply 10% of global antimony demand. Antimony is vital in producing flame retardants, solar panels, and military hardware, making these findings strategically important.
As global demand increases and Chinese exports tighten, antimony prices are climbing, with projections hiring $30,000 per metric ton. Meanwhile, reports of high lithium concentrations in Qom Salt Lake and Semnan Province circulated after Iran’s Ministry of Industries, Mines, and Commerce published new data.