RE: Pentagon wants Indonesian ZIRCON to bypass China6 Mar 2026 10:33
As of 6 March 2026, PYX Resources (PYX) is experiencing significant market interest following the US Pentagon's emergency request for 13 critical minerals, which explicitly includes zirconium
The US Department of Defense (DoD) issued an emergency request on 4 March 2026 for minerals including zirconium, aimed at refilling the National Defense Stockpile (NDS).
Strategic Relevance: Zirconium is vital for missiles, semiconductors, and heat-resistant military ceramics.
Indonesian Factor: The US is actively looking to bypass Chinese refining capacity by sourcing from partners like Indonesia. PYX, as a major Indonesian producer, is viewed by some analysts as a "strategic bridge" for the West.
Short-Term Forecast: Market sentiment has shifted, with some retail investors now viewing PYX as a "key military defence stock".
Price Targets: While the current price sits at approximately 0.27 GBX, previous broker targets (e.g., from WH Ireland) have cited fair values as high as 82p, contingent on production scaling to 150kt by 2029.