Almonty Industries Inc ALMTF

Trading Volume-ASX

[rockminer56]

Nice trades of 200,000. on asx with 3 hours left to go.
I think that a lot of people are taking up positions in the stock.  The recent highs in price along with an almost unprecedented volume., has broughty Almonty to the front and under the magnifying glass of some investors.  All their probable dd will be of interest to them signifying the signal to invest =now.

[chizzles]

ASX closed with 348,147 shares traded last night.

[whoisyourpapa]

Chinatungsten has APT at $371.30

[5ilverlining808]

Argus went up $5.00 to $352.50. ARGUS Header: "Tungsten APT fob China (per mtu WO3) prices USD/mtu Argus brings transparency to the global metal markets through its independent price assessments and unbiased reporting."   Why the difference ? Maybe China has a long standing reputation of manipulating things and now wants to stockpile critical metals ? If any thing I

[QuarterDollar]

As far as I recall, there is no metal exchange for Tungsten, hence you will get disparity in prices. China is the largest supplier of Tungsten by far.  I would think they would receive more frequent purchase orders, hence they are the price setter.  Since demand is increasing faster than supply, then that puts upward pressures on price, hence (IMO) China is indicating where

[whoisyourpapa]

Velocity taken out again lets see if they have anything else for us. . .

[rockminer56]

I agree with you Quarter, and it seems to me that historically China is quoting the spot price for tungsten which would be higher. The Almonty website actually has the weekly prices they quote (perhaps use), under"Tungsten.....then Demand & Pricing.....That showed $5.00 increases last few weeks, with a $50.00 price May 10th.    I expect they will show this weeks price later