RE: Not sure what the lowest price was26 Mar 2026 14:38
Operational and Regulatory Context
During the first half, PYX's local subsidiaries, PT Investasi Mandiri and Tisma, received formal notification from the Provincial Department of Energy and Mineral Resources that their RKAB[2] (Work Plan and Budget) licenses for production operations have been suspended. This action applies to all zircon producers in Central Kalimantan. Fourteen (14) companies were notified. As a result, PYX's export licenses for zircon, ilmenite, and rutile have also been suspended. According to government statements, the move is driven by the need to address oversupply, improve market stability, and enhance regulatory oversight across multiple sectors - including coal, bauxite, nickel, and mineral sands, as well as palm oil and other commodities.
In the first half of 2025, PYX did not undertake production activities.