Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by rockminer56on May 17, 2024 1:50pm
82 Views
Post# 36045926

RE:RE:RE:RE:RE:Trading Volume-ASX

RE:RE:RE:RE:RE:Trading Volume-ASX
QuarterDollar wrote:
  • 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 prices are going and Argus is catching up.


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 today, and I would think it would be over a $10.00 increase.

Anyway, it doesnt matter much today, as Almonty doesn't have the product to sell.  It would be such a great factor to have it keep increasing and remain high, when "we" as Lewis keeps saying, will have the mill up and running before the end of 2024 at which time it can be sold at a huge price.

Even China Tungsten alluded to the fact there is discussion amongst their tungsten people as to whether the price will keep going up, or remain stable. No one is predicting it to go down..
<< Previous
Bullboard Posts
Next >>