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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

Comment by whoisyourpapaon May 24, 2024 9:44am
123 Views
Post# 36055616

RE:RE:Anonymous seller

RE:RE:Anonymous sellerThe APT (Ammonium Paratungstate) price is hovering around $375.1/mtu. Calculated based on the current price of tungsten concentrate, smelters are still in an inverted or stagnant state, with pressure unabated and overall smelting operating rates remaining low. Senior industry insiders who have been deeply involved in the industry for decades have detailed to Chinatungsten Online that, considering the current price of $36,714.3/ton of tungsten ore plus various costs such as mining consumption and processing taxes, the reasonable price of APT should be around $395.5/mtu to achieve an average profit margin of about 5% in the non-ferrous metal industry. Obviously, the current APT price in the market is unsatisfactory.
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