South Korean mine could soon supply the U.S. with a critical mineral [CBS News]
Almonty Industries Inc. - Common Shares (ALM)
Company Research
Source: CBS News
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the United States desperately needs for defense. Mining company Almonty Industries has reopened the mine after it was shut down more than 30 years ago when China priced almost every other tungsten producer out of business "The U.S. is right to do this, there is no choice," Lewis Black, CEO of Almonty Industries, told CBS News. "The status quo cannot be returned to." But China now dominates the rare earths and critical minerals industries that are necessary to power much of the technology that is used today. During the recent trade war , China threatened to use it as a stranglehold and cut off supply, which is why the U.S. is now desperately searching for alternative supplies. Tanks, fighter jets, armor-piercing ammunition, bunker-busting bombs and artificial intelligence missile guidance systems all need tungsten. Black guaranteed a supply on
Show less
Read more
Impact Snapshot
Event Time:
ALM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALM alerts
High impacting Almonty Industries Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
ALM
News
- Almonty Appoints Veteran Financial Executive Guillaume Wiesenbach de Lamaziere, CFA as Chief Development Officer [Yahoo! Finance]Yahoo! Finance
- Almonty Appoints Veteran Financial Executive Guillaume Wiesenbach de Lamaziere, CFA as Chief Development OfficerBusiness Wire
- Deutsche Rohstoff AG: Early Warning Report Filed Pursuant to National Instrument 62-103 – Change in Equity Interests Below 10% in Almonty Industries Inc.Business Wire
- Almonty Industries Soars 840% in 2025 on Aggressive Tungsten Expansion [Yahoo! Finance]Yahoo! Finance
- 3 TSX Stocks Estimated To Be Trading Below Intrinsic Value By Up To 48.3% [Yahoo! Finance]Yahoo! Finance
ALM
Sec Filings
- 1/6/26 - Form 6-K
- 1/5/26 - Form 6-K
- 12/16/25 - Form 6-K
- ALM's page on the SEC website