Original-Research: Almonty Industries Inc. (von GBC AG): Buy

Almonty Industries, a tungsten producer, is positioned as a key supplier to the West amid China's export controls. Beijing's restrictions have driven tungsten prices above $3,125/ton. Almonty's mines in South Korea and Portugal are crucial for defense and semiconductor industries. The company reported a 498% revenue increase in Q2 and authorized a $300M stock buyback.

H World Group Ltd (HTHT) shares rose after the company reported Q2 results above expectations and raised FY26 sales guidance. It posted EPS of 78 cents versus 70 cents expected, and sales of $1.050B versus $982.8M. The article also lists gains for several other NASDAQ/NYSE stocks.

Investing.com reports Almonty Industries shares rose 5.4% pre-open after its board authorized a buyback of up to 14.4 million shares for up to $300 million, starting Aug. 24, 2026 through Aug. 24, 2029. The move follows Q2 2026 results: revenue $43.0 million, net income $181.8 million, and Adjusted EBITDA $17.6 million, plus a $25.30 average 12-month target.

Almonty Industries (Nasdaq: ALM) reported Q2 2026 results: revenue rose 498% year over year to $43.0 million, with net income of $181.8 million and adjusted EBITDA of $17.6 million. The company closed an oversubscribed $800 million 2.25% convertible notes offering and reported $1.2 billion cash at June 30, 2026. It also amended its GTP offtake agreement, extending it 6 years and raising volumes and pricing.

The article says tungsten has outperformed gold, silver and copper over the past year and that the U.S. has not mined tungsten since 2015, while China supplies about 80% of global tungsten and nearly 90% of processing. It notes a U.S. defense rule from Jan 1, 2027 banning tungsten routed through China. It highlights Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) acquiring 33 tungsten and antimony projects near its Springer complex, with consideration including 2.8M shares, $5.0M cash, and a 1% NSR r

Almonty Industries’ shares fell to C$18.81, down 5.52% on Friday and about 44% below its April 52-week high, as the stock tests support near C$18.00. The company began processing at its Sangdong mine in South Korea and extended an offtake with Global Tungsten & Powders for 21 years, with higher volumes and prices, expected to add at least US$30m annual contract revenue and about US$490m total.