China’s efforts to clean its environment are sending some metals prices to record highs as Beijing forces the closure of polluting mines and processing plants.
Although China is known for its appetite for raw materials including oil and copper, it is the largest producer of minerals and metals ranging from coal and lead to little-known commodities such as antimony.
The impact of Beijing’s environmental push has been felt most acutely in the market for antimony, a metal used for fireproofing items, including children’s clothing.
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