Armor-Piercing Ammo Metal Up 557% As China Chokes Supply, War Demand Surges [zero hedge]
Almonty Industries Inc. - Common Shares (ALM)
Company Research
Source: zero hedge
Armor-Piercing Ammo Metal Up 557% As China Chokes Supply, War Demand Surges Tungsten, used in missiles, tank rounds, armor-piercing ammunition, and some smaller-caliber munitions, has surged in price over the last year as China curbed exports and global supplies tightened. This is a major concern, as multi-front conflicts - from the Middle East to Eastern Europe - are depleting interceptor missile supplies. Bloomberg cites new data from commodity price reporting agency Fastmarkets showing tungsten prices have surged to $2,250 per metric ton this month, up 557% since Beijing added certain tungsten products to its export control list in February of last year. "In my 12 years working across the commodity space and dealing with a lot of weird and wonderful metals, I have never seen a market as tight as tungsten is right now, aside from maybe lithium in 2021," George Heppel, vice president of commodity research, told Bloomberg. He warned, "This isn't like lithium, where there was a huge pi
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News
- "Phase one commissioning concludes at Almonty's Sangdong Mine" was originally created and published by [Yahoo! Finance]Yahoo! Finance
- A Look At Almonty Industries (TSX:AII) Valuation After Its Strong Recent Share Price Gains [Yahoo! Finance]Yahoo! Finance
- Munitions Metal Tungsten Eclipses Gold, Copper in 557% Rally [Yahoo! Finance]Yahoo! Finance
- Tungsten Prices Surge 557% as China Export Limits Tighten Global Supply [Yahoo! Finance]Yahoo! Finance
- Almonty Completes Phase 1 of Sangdong Tungsten Mine in South Korea [Yahoo! Finance]Yahoo! Finance
ALM
Sec Filings
- 3/16/26 - Form 6-K
- 1/21/26 - Form 6-K
- 1/20/26 - Form 6-K
- ALM's page on the SEC website