Almonty Industries Inc.
Almonty Industries is a mining company that produces tungsten concentrate for customers in the defense, high-tech manufacturing, aerospace and industrial tooling sectors. It sells concentrate mainly through supply agreements, with prices generally linked to market quotations and adjusted based on assay results. Its operations include the Panasqueira tungsten mine in Portugal and the Sangdong tungsten mine in South Korea, where commercial mining began in December 2025 and the processing plant is in commissioning. Almonty also has a molybdenum project adjacent to Sangdong, tungsten projects in Spain, and the Gentung Tungsten Project in Montana. Almonty is developing plans to integrate further into tungsten oxide production. Its other projects include Valtreixal, under exploration and development, and Los Santos, which is in care and maintenance. The company is headquartered in Dillon, Montana.
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See all $ALM insider activity →Almonty Industries has reopened the Sangdong mine in South Korea, aiming to capitalize on global demand for tungsten, a critical resource for military and tech industries. The company expects initial cash flows by 2027 and has raised capital to strengthen its financial position. The current commodities sector correction presents investment opportunities at lower prices.
Almonty Industries (ALM) reported a 498% year-over-year revenue increase to C$43.0 million in Q2, driven by rising tungsten prices. The company's adjusted EBITDA swung to a profit of C$17.6 million. ALM raised US$800 million via convertible notes and has C$1.2 billion in cash. Growth depends on its Sangdong mine in South Korea, which began commercial shipments in October, with a long-term supply contract covering over 90% of Phase I production.
Stifel reduced its price target on Almonty Industries (NASDAQ:ALM) to $21 from $25, citing shipment delays for its Sangdong projects. The stock has fallen 50% since September, trading at $8.83. Despite the setback, Stifel maintains a Buy rating, noting the company's strong balance sheet and role in meeting Western tungsten demand. Other analysts have mixed ratings and targets, ranging from $13 to $33. Almonty recently announced a tungsten offtake agreement with a Sandvik Group subsidiary.
Over the past 7 days, AlphAI's AI scored 1 news story mentioning ALM (Almonty Industries Inc.). Coverage has skewed bullish: 1 bullish, 0 neutral, and 0 bearish.
Recent ALM coverage spans financial news, corporate actions and earnings.
Almonty Industries has reopened the Sangdong mine in South Korea, aiming to capitalize on global demand for tungsten, a critical resource for military and tech industries. The company expects initial cash flows by 2027 and has raised capital to strengthen its financial position. The current commodities sector correction presents investment opportunities at lower prices.
Strong revenue growth and profitability swing suggest upside potential for ALM.
The target cut and shipment delay expectations suggest near-term downside pressure on ALM.
Decline occurs without a reported trigger.
Analyst downgrade and reduced price target suggest near-term downside pressure.
AlphAI scores every news story that mentions ALM with an AI model for sentiment and relevance, and aggregates insider trades from Almonty Industries Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Almonty Industries has reopened the Sangdong mine in South Korea, aiming to capitalize on global demand for tungsten, a critical resource for military and tech industries. The company expects initial cash flows by 2027 and has raised capital to strengthen its financial position. The current commodities sector correction presents investment opportunities at lower prices.
Almonty Industries (ALM) reported a 498% year-over-year revenue increase to C$43.0 million in Q2, driven by rising tungsten prices. The company's adjusted EBITDA swung to a profit of C$17.6 million. ALM raised US$800 million via convertible notes and has C$1.2 billion in cash. Growth depends on its Sangdong mine in South Korea, which began commercial shipments in October, with a long-term supply contract covering over 90% of Phase I production.
Stifel reduced its price target on Almonty Industries (NASDAQ:ALM) to $21 from $25, citing shipment delays for its Sangdong projects. The stock has fallen 50% since September, trading at $8.83. Despite the setback, Stifel maintains a Buy rating, noting the company's strong balance sheet and role in meeting Western tungsten demand. Other analysts have mixed ratings and targets, ranging from $13 to $33. Almonty recently announced a tungsten offtake agreement with a Sandvik Group subsidiary.
Disc Medicine (IRON) surged 38.86% to $78.93, leading healthcare gains. Cleveland-Cliffs (CLF) rose 16.34% to $14.10 in materials. Almonty Industries (ALM) fell 10.17% to $8.83, among notable decliners.
Almonty Industries, a Western-aligned tungsten supplier, is preparing for an Investor Day as analysts focus on its position in the defense-critical metal market. The company's Sangdong mine in South Korea is ramping up production, with first shipments expected in late October. Analysts highlight tight supply fundamentals and upcoming U.S. defense procurement restrictions that could benefit Almonty.
Almonty (NASDAQ: ALM) will host its 2026 Investor Day on October 19, featuring a tungsten market overview and operational updates. The event will be webcast live, with a replay available later. CEO Lewis Black highlighted the company's operational milestones, including the commercial operation of the Sangdong Mine and Phase II expansion. Almonty is a leading supplier of conflict-free tungsten, critical for defense and advanced technology sectors.
DA Davidson maintained a Buy rating and $33 price target for Almonty Industries (ALM) after meetings with executives. The stock is currently at $11.24, down 12% in a week but up 53% in a year. The firm adjusted revenue and EBITDA estimates for 2026-2027, expecting the Sangdong facility to contribute to revenue in Q4 2026. Analysts anticipate sales and net income growth. Other analysts have mixed ratings and targets for ALM.
Almonty Industries (ALM) received regulatory approval for its Sangdong plant in South Korea, enabling tungsten concentrate sales under a long-term agreement. Over 90% of Phase I output is committed to Global Tungsten & Powders for 21 years. ALM's stock has seen volatility, with a 35.24% drop over 30 days but a 53.16% gain over one year. The company's fair value is estimated at $15.26, suggesting a 22% undervaluation according to Simply Wall St.
The U.S. Defense Logistics Agency awarded a $2B contract for tungsten supplies, with a $450M investment from the Department of War. GoldHaven Resources (CSE: GOH) completed drilling at its Kuhn tungsten-skarn target, intersecting skarn mineralization in two locations. Almonty Industries (NASDAQ: ALM) began commercial operations at its Sangdong plant, with 90% of Phase I production contracted. Guardian Metal (NYSE: GMTL) reported drilling results from its Tempiute project.
The U.S. and China failed to reach a rare earth supply deal during Xi Jinping's visit, leaving the West to secure supplies. Rare earth exports from China to the U.S. declined, with prices showing mixed trends. Elmet Group and Almonty Industries are expanding tungsten production. Glencore will partner with the U.S. strategic minerals reserve. Eramet plans to expand lithium production in Argentina. Processing capacity is also increasing, with Korea Zinc planning a U.S. smelter.
