If you’ve been watching the us antimony stock price lately, you know it’s been a wild ride. Honestly, "wild" might be an understatement. We’re talking about a company, United States Antimony Corporation (UAMY), that has spent years as a tiny, under-the-radar player in the mining world, only to suddenly find itself at the center of a global geopolitical tug-of-war.
As of mid-January 2026, the stock is trading around $8.29. That’s a massive jump from where it sat a year ago, but it's also a significant pullback from the dizzying highs of $19.71 we saw during the 2025 supply panic. If you’re holding shares or thinking about jumping in, you’re basically betting on whether this Montana-based miner can actually deliver on its massive new promises.
The China Factor and the $50,000 Tonne
The reality is that you can’t talk about the us antimony stock price without talking about China. For decades, China dominated about 60% of the world's antimony production. Then, in late 2024 and throughout 2025, they started tightening the screws with export restrictions.
Prices for the metal—which is essential for everything from military ammunition to flame retardants in AI data centers—shot up to nearly $51,500 per ton in early 2025.
It was a wake-up call.
Suddenly, being the "only antimony producer in North America" wasn't just a marketing slogan for UAMY; it became a matter of national security. The U.S. Defense Logistics Agency (DLA) didn't just take notice; they backed up the truck. In late 2025, UAMY secured a sole-source contract worth up to $245 million. To put that in perspective, this is a company that was pulling in maybe $8 million to $15 million in annual revenue just a couple of years ago.
💡 You might also like: Big Lots in Potsdam NY: What Really Happened to Our Store
Why the Stock Is So Volatile Right Now
You’ve probably noticed the recent dip. After hitting those $19 peaks, the stock cooled off.
Why?
Part of it was the "Busan De-escalation" in late 2025, where China temporarily eased some export bans. That took some of the immediate "panic premium" out of the market. But the bigger factor is execution risk. Investors are currently asking: Can they actually scale this fast?
UAMY is trying to grow its revenue from roughly $43 million in 2025 to a guided $125 million or even $150 million in 2026. That is a massive leap for a small-cap company.
The Thompson Falls Expansion
The "make or break" moment is happening right now, in January 2026. The company has been working on a five-fold expansion of its Thompson Falls smelter in Montana.
📖 Related: Why 425 Market Street San Francisco California 94105 Stays Relevant in a Remote World
- Old capacity: Roughly 100 tons per month.
- New target: 500 tons per month.
- The Goal: Moving from buying expensive ore from third parties to processing their own "self-mined" material.
If that facility hits its targets this month, the margins are expected to triple. If there’s a delay? Expect the us antimony stock price to take another hit as the "show me" crowd sells off.
Beyond the Military: The AI and Solar Boom
It’s not just about bullets and tanks.
If you look at the 2026 demand forecasts, a huge chunk of growth is coming from the tech sector. Antimony is used as a refining agent in photovoltaic glass for solar panels. Some analysts, like those at SkyQuest, expect this sector to increase its antimony consumption by over 300% compared to just a few years ago.
Then there’s the AI boom. Every new data center being built needs miles of fire-retardant cabling and roofing. Antimony trioxide is the "secret sauce" that keeps those facilities from becoming high-tech tinderboxes. UAMY signed a $106.7 million industrial contract in late 2025 specifically to supply this market.
What to Watch in the Coming Months
If you're tracking the us antimony stock price, your calendar should be marked for the spring of 2026.
👉 See also: Is Today a Holiday for the Stock Market? What You Need to Know Before the Opening Bell
That’s when mining operations are slated to resume at Stibnite Hill in Montana and at their new claims in Alaska. The company had to pause for the winter, which is typical for high-altitude mining, but the restart will be a major signal to the market.
We also have to consider the competition. While UAMY is the current leader, others are waking up. Perpetua Resources (PPTA) is working on its own massive project, though they are still years away from production. UAMY’s advantage is that they are already "permitted and producing," which is a rare thing in the American mining sector.
Actionable Insights for Investors
Investing in a critical mineral play like this isn't for the faint of heart. It’s a high-beta stock that moves on every headline out of Beijing or the Pentagon.
- Monitor the Smelter Ramp-up: The Q1 2026 production numbers from Thompson Falls will be the most important data point of the year. If they can’t hit that 500-ton monthly target, the $125 million revenue guidance is at risk.
- Watch the Ore Grades: Early samples from Stibnite Hill showed high grades that can be used for military primers. Keep an eye on assay results from the Alaska "bulk sampling" expected in Q2.
- Geopolitical Hedging: Understand that any "thaw" in US-China trade relations could temporarily depress the stock, while further restrictions act as a catalyst.
- Liquidity Check: UAMY recently reported about $100 million in liquidity. This is crucial because scaling up mining operations is incredibly capital-intensive.
The bottom line? The us antimony stock price is no longer just reflecting a small mining company; it’s a proxy for American mineral independence. It’s a high-stakes game of "operational catch-up" where the government is essentially the lead customer.
Keep an eye on the 10-K filings and the monthly production updates. In this market, actual metal in the shed matters far more than "conceptual" resources in the ground.