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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Post by lonadeon Feb 24, 2022 12:52am
324 Views
Post# 34456578

Reminder Tungsten is a war metal

Reminder Tungsten is a war metal Sad day for Ukraine, sad day for the world!

But don't forget that tungsten is also heavily used in military equipment and every war leads to increases in tungsten demand. War = huge increase of tungsten demand. 

In addition, this invasion of Ukraine by Russia shows how important it is for the world to become less dependent on one country for the supply of tungsten. you can be sure that China is closely wachting the events, in regard to Taiwan...this war basically just reconfirms the urgency for all of the free world to reduce the dependency asap.

let's see how many will block out rational thinking today...biggest part of investing is in your head and most cannot control it.
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