Almonty Industries Inc T.AII

ALMONTY INDUSTRIES: TUNGSTEN HOPE OUTSIDE CHINA

[TechOne]

While Companies like Vale mine a wide range of raw materials and are thus prepared for all eventualities, Almonty Industries focuses exclusively on tungsten. In addition to two existing mines in Spain, Almonty is developing the largest tungsten mine outside China in South Korea, making it a significant player for the industrial metal. Tungsten is also benefiting from the electrification of mobility and is primarily used in charging stations. Already today, around 30% of demand comes from the automotive industry. Other sources of demand are the mining industry, the energy sector, aviation and the construction sector. According to the European Union and the US Congress, tungsten is one of the critical industrial metals whose stock should be secured for industrialized nations.

Almonty Industries’ planned tungsten mine in South Korea reinforces the country's ambition to further expand its influence around the production of processors, memory chips, LEDs or LCDs. The Sangdong mine is located around 190 kilometers southeast of Seoul and is scheduled to go into production in 2022. The mine boasts high tungsten content, a long production time and low costs. All regulatory approvals have been granted, and a potent financing partner has been found in the German KfW. The share price has risen by around 50% on a one-year horizon. From a technical chart point of view, the stock is in a consolidation formation that could be resolved upwards beyond rates of CAD 0.81.

https://news.financial/comments/vale-almonty-resources-glencore-commodity-stocks-for-2021#toc-almonty-industries-tungsten-hope-outside-china

[lonade]

TechOne, i wouldnt make much of these articles (for DD purposes). they are part of the publication package for more exposure. They frequently shift the two names in the title next to Almonty and adapt it to the hot topics/companies of that period. In the past we once had Biontech, when everybody was waiting for the vaccine to be approved. Now everybody is talking about the next super cycle and so

[TechOne]

That may be the case but I would like to see Almonty being mentioned in print and on the likes of BNN..  The profile needs to be raised.. A lot.. They are still under the rader for sure..  Incidentally, not one Money Manager who shows up on Marketcall on BNN or the BNN Host has ever mentioned Almonty there all the years I have watched the program..  Not so far anyways..