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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 5ilverlining808on Aug 08, 2022 10:36am
250 Views
Post# 34878590

Moly In Depth.

Moly In Depth.I'll just start with this excerpt from :-

https://investingnews.com/molybdenum-outlook-2022/

"If demand is driven by steel, oil and gas, output on the other hand is dictated by what happens in copper, as more than 80 percent of molybdenum production comes from copper mines."

In Almonty's case, this is not true, as we have a unique mine which is not a off-shoot from a Copper deposit.
I remember some saying Moly price is dictated by the price of Copper. and there was no mention of Copper in this latest report from the assay test team :-


https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4g68yxX%2Bv%2FZw9rFiGug%3D

After a further look at this, as of July 2022 here are the top 10 Moly Producers By Country with esimated productions :-

https://investingnews.com/daily/resource-investing/industrial-metals-investing/molybdenum-investing/top-molybdenum-producers/

5 Main Moly Uses :-
The last one was a surprise to me.


https://investingnews.com/daily/resource-investing/industrial-metals-investing/molybdenum-investing/molybdenum-uses/

It is a good read for those that have no idea about this mineral.


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