Munitions Metal Tungsten Eclipses Gold, Copper in 557% Rally [Yahoo! Finance]
Almonty Industries Inc. - Common Shares (ALM)
Company Research
Source: Yahoo! Finance
(Bloomberg) -- Manufacturers are facing a squeeze on supplies of a key metal used in weapons and semiconductors, as Chinese export curbs and rising military demand send prices to record highs. Tungsten, a super-dense material that's a key component in drilling equipment and armor-piercing weaponry, has more than doubled in value this year, according to the APT European benchmark from Fastmarkets. At $2,250 per metric ton unit, prices have risen 557% since Beijing added certain tungsten products to its export control list in February last year amid a trade dispute with the US. Most Read from Bloomberg Two LPG Ships Sail Through Hormuz to Shortage-Hit India Second Dynacom Oil Tanker Passes Hormuz as Other Owners Hold Back US, Iran Keep Up Strikes as Trump Mulls Possibility of Deal Trump Floats Xi Summit Delay If China Doesn't Help in Hormuz Mamdani Wants New York Estate Tax Threshold Cut 90% to $750,000 Gains have accelerated in recent weeks as buyers exhaust stockpiles
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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
- Armor-Piercing Ammo Metal Up 557% As China Chokes Supply, War Demand Surges [zero hedge]zero hedge
- 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