POSITION OF THE LEADING COMMERCIAL NATIONS =The United States.=--The United States is the largest consumer of antimony in the world, requiring under normal conditions between 7,000 and 8,000 tons of new metal, most of which, before the war, came from England. The consumption during the war was about double this amount, and was derived chiefly from the Orient, South America, and Mexico. The United States must remain dependent upon foreign sources for its supply, unless a much higher tariff is placed upon imports. Even under such conditions it is doubtful whether domestic mines would prove adequate to supply more than a small part of the country’s needs. Chinese and Japanese antimony has largely replaced the British product since 1914 and has become so well established that it will probably continue to hold American markets. Chinese antimony in particular has shown itself equal in every way to the best British grades. With a somewhat higher level of prices the importation of ore from Mexico and South America may be undertaken by reducing plants in this country, as the experience gained by several companies during the war has made possible the production of high-grade metal. =England.=--No figures as to the actual consumption of antimony in England are available. Judged from a balance of imports and exports, the normal consumption is about 4,500 tons annually. During the war consumption was enormously increased for the manufacture of munitions. English smelters are entirely dependent on foreign ores, most of which in the past have come from China, with smaller amounts from Mexico and Australia. The position of the industry, at least in so far as export trade is concerned, is threatened by the strong position of the Chinese industry acquired during the war, as represented particularly by the activities of the Wah Chang Mining & Smelting Co. Two-thirds of the English antimony exports went to the United States before 1914. It does not seem probable that England will be able to fully recover this market, now dominated completely by Chinese and Japanese antimony. =France.=--France is the only world power that possesses important resources of antimony within her boundaries. Including her Algerian mines, she is entirely independent of outside supply. Inasmuch as certain of the French deposits contain important amounts of gold, and the principal Algerian mine contains lead and zinc, the production of antimony in France will probably continue to be of some importance, and it is probable that she will continue to export antimony as before the war, though probably to a less extent.