Perpetua Resources has partnered with Idaho National Laboratory, under Battelle Energy Alliance, to host, commission and operate a flexible, modular pilot plant to process Stibnite project ore into military‑specification antimony trisulphide concentrate for munitions and advanced defence systems. The pilot forms part of a US Army Defence Ordnance Technology Consortium agreement, with Perpetua now holding up to US$22.4 million in DOTC funding to advance domestic critical mineral processing. It runs alongside early works on the US$1.3 billion Stibnite gold‑antimony mine in central Idaho, aimed at a fully domestic “ground‑to‑round” supply chain.

Copper prices rebounded to $11,556.50/t on the LME, close to this week’s record $11,771/t, as RBC Capital Markets warned that mine disruptions and weak project pipelines mean higher prices are needed to unlock new supply. Analysts link the tight outlook to AI-driven data centre build-out, EV expansion and expectations of a US copper tariff, all adding to structural demand. The move follows a brief 1.3% pullback after Chinese data showed producer prices falling for a 38th consecutive month ahead of a key US rate decision.

USA Rare Earth will accelerate commercial production at its Round Top heavy rare earths deposit in Texas to late 2028, two years earlier than planned, after solvent-extraction pilot work enabled its Hydromet demonstration plant in Colorado to start five SX circuits running 2,000–4,000 hours from early 2026. The circuits will focus on dysprosium and terbium while also extracting hafnium and zirconium, feeding into a mine-to-magnet chain that includes a 310,000-square-foot Stillwater, Oklahoma plant targeting nearly 5,000 tonnes of magnets per year from 2026. Shares fell up to 4.3% to $16.56 despite the accelerated schedule.