Trade Operation · Kazakhstan / Vietnam · Exchange Metal
Commodity Antimony (Sb) Supply
The project involves organising the supply of commodity antimony with guaranteed sales through a closed-loop cycle: procurement of antimony concentrate, its processing (tolling), and sale of the finished product to a non-resident buyer. The primary goal is to achieve rapid capital turnover and profit from the difference between raw material costs and exchange prices of finished metal, without constructing own production facilities.
Working Capital
$1 320 000
ROI up to 60.5% per cycle
Option
Purity
Cycle Duration
Revenue
Profit
ROI
Option A — Fast Turnover
80% ($18 624/t)
97% Sb
~30
$1 862 000
$300 000
22,7%
Option B — Margin Maximisation
100% ($24 000/t)
Max. Margin99,65%+ Sb
60–75
$2 400 000
$798 000
60,5%
Key Advantages
Zero CAPEX Structure
- Zero capital expenditure (CAPEX): production operates on a tolling model — no investment in factory construction
- Guaranteed sales: a preliminary agreement with a verified non-resident buyer eliminates the risk of non-realisation
- Transparent pricing: purchase and sale prices are strictly tied to LME quotes ($24 000/t as of 02.02.2026)
- Fund control and protection: investments are directed as a direct prepayment under the contract with the raw material producer
Operational Parameters
Logistics and Raw Materials
- Concentrate supplierMajor producer, Ust-Kamenogorsk
- Base purchase volume200 t of concentrate at $13 200/t (55% of LME)
- Yield ratio50% — from 200 t of concentrate → 100 t of commodity antimony
- Option A RouteProcessing in RK to 97%, FOB RK shipment to buyer
- Option B RouteProcessing in RK to 97% → refining in Vietnam to 99.65%+
Recommendation
Agree on the legal structure and reserve the concentrate
To launch the first operational cycle, it is recommended to agree on the legal structure of the deal, complete document disclosure, and reserve the required volume of concentrate as soon as possible. The choice between options depends on the investor's willingness to extend the cycle from 30 to 75 days in exchange for a significant increase in profitability from 22.7% to 60.5%.