United States Antimony price target raised to $2.25 from $1 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on United States Antimony (UAMY) to $2.25 from $1 and keeps a Buy rating on the shares. The recent Chinese critical materials export ban continues to fuel a race for domestic supply in the U.S. Further, the most recent announcement by China officially restricts the export of antimony, gallium, and germanium to the U.S. As a result, the firm believes trade tensions between the U.S. and China are likely to continue to escalate heading into 2025 and throughout the incoming Trump administration driving various government funding programs aimed at fostering domestic critical materials production to become available in the near-term. In short, Alliance Global Partners thinks United States Antimony is in a unique position to serve as the only near-term supplier of domestic antimony products as the company owns the only operating antimony smelter in the U.S.