$ALM

China dominates tungsten supply, with limited production outside the country. U.S. faces a shortage, relying on imports and recycled material. Demand is expected to grow, potentially driving up prices. Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) acquired land and water rights near its Springer mine for $8 million. Almonty Industries (NASDAQ: ALM, TSX: AII) began processing at its Sangdong Mine. American Tungsten (TSXV: TUNG, OTCQX: TUNGF) advances exploration at its Ima Mine.

Analysts made several calls: Bank of America raised Dell's price target to $600, Morgan Stanley reiterated Tesla and Apple, JPMorgan upgraded Nvidia, and others initiated coverage on various companies. Key reasons include AI growth, product portfolios, and market positioning. Price targets and ratings were adjusted based on earnings, events, and market conditions.

The U.S. banned tungsten scrap exports, requiring licenses for a year. This aims to prevent sales to China, where prices are lower. Almonty Industries plans a $300M share buyback over three years, funded by Sangdong's earnings. Tungsten prices remain high due to supply shortages, with China restricting exports. The company is optimizing mining operations to maximize margins.

Almonty Industries (ALM) authorized a $300M share buyback, allowing repurchase of up to 14.4M shares (5% of outstanding) over 36 months. The company has C$1.23B in cash, with Q2 revenue at C$43M. Sangdong mine is ramping up production. Management sees potential in undervalued shares, but critics note cash is needed for expansion projects.

The global tungsten market is projected to grow from $6.66B in 2026 to $9.62B by 2030, driven by demand in aerospace, defense, and electronics, according to The Business Research Company. GoldHaven Resources received an exploration permit for its Magno Project in British Columbia, planning a 5,000 to 7,000-meter drill program. The project has 24 potential target zones and historical estimates of tungsten mineralization. The U.S. has implemented rules to restrict tungsten imports from certain cou

Tungsten prices surged 622% in 2025, driven by U.S. defense supply chain rules. Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) secured permits for its Nevada tungsten project, aiming for 2027 production. Almonty Industries (NASDAQ: ALM, TSX: AII) began processing at its South Korea mine. American Tungsten (TSXV: TUNG, OTCQX: TUNGF) and Fox Tungsten (TSXV: FOXT) also advanced projects. Investors may monitor these companies for potential opportunities.

GBC AG initiated coverage on Almonty Industries Inc. with a 'Buy' rating and a $30 target price by 2027. The company's Sangdong tungsten mine began production, reducing construction risks. Strong tungsten pricing and long-term contracts support revenue forecasts of $365.9M in 2026, $1.32B in 2027, and $1.49B in 2028. Upside potential depends on operational performance and market conditions.

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.

Almonty Industries (ALM) said it will conduct a share buyback, citing a gap between its stock price and the value of its tungsten assets. The company links the valuation to ramping processing at its Sangdong mine in South Korea and to market concerns about tungsten shortages used in AI and defense. ALM shares rose early Monday after gains on Friday.

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.