RE: USA "Jakarta to ensure a steady flow of zircon and nickel for defense"6 Mar 2026 12:09
While the bilateral agreement is between governments, PYX Resources is the primary vehicle for this trade because they control the 2nd and 3rd largest zircon deposits in the world (Mandiri and Tisma).
Strategic Stockpiling: The Trump administration recently launched a $12 billion minerals stockpile. By securing a deal with Indonesia, the U.S. ensures that companies like PYX can ship high-grade zircon directly to U.S. defense contractors.
3. Key Terms of the 2026 Deal
The agreement signed in Washington included several "reciprocal" wins:
Mineral Access: Indonesia agreed to lift export bans on critical minerals (including zirconium,