Rattled by China, West scrambles to rejig critical minerals supply chains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 06 2024
0mins
Source: Reuters
Impact of China's Trade Restrictions: China's recent export restrictions on strategic minerals, particularly antimony, have led to significant disruptions for Western companies like Henkel, which has declared force majeure due to supply delays. This situation highlights the urgent need for Western firms to diversify their supply chains away from China.
Rising Prices and Market Adjustments: The restrictions have caused a surge in prices for various strategic minerals, with antimony prices increasing nearly 230% this year. In response, some North American companies are ramping up production and seeking alternative sources to meet rising demand and mitigate reliance on Chinese supplies.
Analyst Views on PPTA
Wall Street analysts forecast PPTA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PPTA is 32.72 USD with a low forecast of 30.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 34.850
Low
30.00
Averages
32.72
High
40.00
Current: 34.850
Low
30.00
Averages
32.72
High
40.00
About PPTA
Perpetua Resources Corp. is a development-stage company. The Company operates through mineral exploration in the United States segment. It is primarily engaged in acquiring mining properties with the intention of exploring, evaluating, and placing them into production. The Company’s principal business is the exploration and subject to receipt of required permitting, redevelopment, restoration and operation of the Stibnite Gold Project in Idaho, the United States. Its Stibnite Gold Project is located in central Idaho, the United States, which lies over 100 miles northeast of Boise, Idaho, over 38 miles east of McCall, Idaho, and approximately 10 miles east of Yellow Pine, Idaho. Its mineral Stibnite Gold Project contains gold, silver, and antimony mineral deposits. It focuses to explore, evaluate, and potentially redevelop three of the deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
