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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain, as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in South Korea.


TSX:AII - Post by User

Post by Lockstock1on Apr 11, 2022 8:24am
227 Views
Post# 34592994

Tungsten prices

Tungsten pricesAlmonty looks set for a huge run if $80k tungsten becomes a reality. This is from a newsletter from a new tungsten producer. Although it's promoting their own project in Brazil it has some good insight into tungsten and where it might be going.

"As investors switch into hard assets to protect themselves from inflation, the hardest metal of them all seems set for a major price spike. For what it is worth, I would not be surprised to see tungsten continue its strong move from $35,900 to $80,000 per tonne over the next 12 months."

Full article here - https://eepurl.com/hYMVpv
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