United States Antimony Plummets 25% After Slashing 2026 Guidance on Plunging Antimony Prices
United States Antimony (NYSE:UAMY) shares fell about 25% to $4.92 after the company cut its full-year 2026 revenue guidance to $60 million to $75 million from $125 million, citing lower antimony prices and DLA delivery timing. Q2 2026 revenue was $7.9 million, gross margin 7%, and the stock had gained 31% YTD.
How this was made
The 30-second read
Why it matters
The company’s full-year 2026 revenue guidance was slashed due to lower antimony market prices and delivery timing shifts, driving a sharp selloff and resetting expectations for margins and DLA-related revenue in 2H26.
Market read
This is a direct guidance cut tied to commodity price weakness, with traders focused on whether Q3 DLA sales and smelter uptime can offset pricing pressure.
What to watch
The guidance cut also cites timing shifts in DLA ingot deliveries and updated production cadence; if acceptance timing slips are temporary, the market may over-discount future revenue.
Background
United States Antimony is a domestic antimony producer with DLA-related demand and a Defense Production Act Title III grant, making it exposed to both commodity pricing and government delivery schedules.
Ticker impact
United States Antimony cut full-year 2026 revenue guidance to $60M-$75M from $125M, sending shares down about 25% intraday.
Bearish bias for the next few sessions, with volatility elevated around Q3 shipment and DLA acceptance timing.
The article attributes the selloff directly to the guide-down, citing realized price collapse, margin compression, and specific Q3 DLA sales and ingot orders to monitor.
Market effects
Reinforces that Western-aligned antimony supply is highly sensitive to spot pricing, raising risk premia for single-commodity producers.
Limited direct regional spillover implied; impact is primarily company-specific within US critical-minerals exposure.
Highlights global antimony price weakness and delivery timing effects that can propagate to other non-China supply chains.
Counterpoint
The article notes Q2 bottom-line near break-even and that pounds sold rose 26%, suggesting operational execution may be intact despite price-driven revenue compression.
Key entities
- companyUnited States Antimony
NYSE-listed antimony producer whose 2026 revenue guidance was cut, triggering a ~25% share drop.
- government_agencyDefense Logistics Agency (DLA)
Customer whose antimony ingot delivery timing is cited as a factor in the guidance reduction.
- companyLarvotto Resources
Referenced via an unrealized gain on UAMY’s stake that supported Q2 net income near break-even.
