UAMY - Fundamental catalysts and bullish chart
Bullish Thesis for UAMY:
1. UAMY share price has historically followed the raw price of Antimony. The last period that it traded in a similar price per metric ton was 2011-2012, in which the shares price traded in the $2-4 range on average. In 2021, the share price only briefly exceeded the $2 mark.
2. China is the world leading exporter of antimony and there is currently a supply shortage (along with global shipping issues due to covid), further driving up the price metalbulletin.com/Article/40...
3. Antimony is a critical element of many items, an in particular battery technology ( EV sector), and flame retardents, brake pads, and now alloys for CARBON CAPTURE as well. As part of the infrastructure deal, the carbon capture sector is benefitting with a ton of recent market interest (stocks like CEI and ENG are examples). Demand for antimony should continue to rise with the proliferation of EV's and pollution reduction legislation
4. UAMY has a subsidiary called Bear River Zeolite, which manufactures a chemical used for many pollutants, including CARBON CAPTURE and METHANE removal (worse than CO2) bearriverzeolite.com/air_filt...
5. UAMY has seen more volume in the past year than at anytime in it's history. Since peaking in March, it has been consolidating in the $0.80-1.10 range ever since, while the high price of raw antimony has remained high.
6. The current share price is sitting on a volume shelf support level
Risks -
1. If prices of raw antimony were to drop, the price would fall based on historical behavior. Unlikely in the near term due to high market demand
2. 50 day SMA just crossed under the 200 day SMA (death cross)
1. UAMY share price has historically followed the raw price of Antimony. The last period that it traded in a similar price per metric ton was 2011-2012, in which the shares price traded in the $2-4 range on average. In 2021, the share price only briefly exceeded the $2 mark.
2. China is the world leading exporter of antimony and there is currently a supply shortage (along with global shipping issues due to covid), further driving up the price metalbulletin.com/Article/40...
3. Antimony is a critical element of many items, an in particular battery technology ( EV sector), and flame retardents, brake pads, and now alloys for CARBON CAPTURE as well. As part of the infrastructure deal, the carbon capture sector is benefitting with a ton of recent market interest (stocks like CEI and ENG are examples). Demand for antimony should continue to rise with the proliferation of EV's and pollution reduction legislation
4. UAMY has a subsidiary called Bear River Zeolite, which manufactures a chemical used for many pollutants, including CARBON CAPTURE and METHANE removal (worse than CO2) bearriverzeolite.com/air_filt...
5. UAMY has seen more volume in the past year than at anytime in it's history. Since peaking in March, it has been consolidating in the $0.80-1.10 range ever since, while the high price of raw antimony has remained high.
6. The current share price is sitting on a volume shelf support level
Risks -
1. If prices of raw antimony were to drop, the price would fall based on historical behavior. Unlikely in the near term due to high market demand
2. 50 day SMA just crossed under the 200 day SMA (death cross)
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