Zeus Expands Presence in Antimony Market with Moroccan Acquisition

Australian company Zeus has acquired the Casablanca Antimony Project in Morocco, which consists of six exploration licenses. The project is seen as highly prospective and may strengthen Zeus’s market position. Antimony is critical for various industries, with predictions of market growth. The acquisition is timely due to tightening supply constraints and increased demand in key sectors.

Australia’s Zeus has formally acquired the Casablanca Antimony Project in Morocco, entering into an agreement with Ashgill Morocco Limited. This project is noted for its high potential and encompasses six exploration licenses across an area of 79 square kilometers. Observers suggest that this acquisition may enhance Zeus’s competitive stance within the antimony market.

Antimony is a metallic element categorized within the nitrogen group, widely utilized in various sectors, including military and automotive industries. Furthermore, it plays a significant role in solar photovoltaic applications.

Market analysis from Maximize Market Research estimates the antimony market was valued at approximately $299.28 million in 2023, predicting a revenue increase of 5.9% annually from 2024 to 2030, reaching nearly $447 million. Antimony is recognized for enhancing the strength, durability, and chemical resistance of alloys, especially in lead-acid batteries.

Tip Ranks noted that Zeus’s strategic acquisition positions the company to take advantage of the tightening global antimony market caused by supply constraints and increasing demand in key sectors, including solar photovoltaics and military supply chains. Moreover, they highlighted Morocco’s favorable mining investment landscape.

List Corp remarked on the acquisition, emphasizing that antimony is pivotal for various industrial applications. They noted that the global antimony market currently faces significant supply constraints, largely due to reduced production in China and export restrictions, leading to an increasingly tight supply-demand scenario and historically high prices.

Zeus’s acquisition of the Casablanca Antimony Project marks a significant strategic move in the context of increasing global demand and supply constraints within the antimony market. With Morocco’s strong mining investment potential and the growing importance of antimony across multiple industries, this initiative solidifies Zeus’s position in a crucial and rapidly evolving market.

Original Source: www.moroccoworldnews.com