An update from Almonty Industries ( (TSE:AII) ) is now available.
Almonty Industries Inc. announced that its tungsten products are not affected by the recent U.S. Executive Order on reciprocal tariffs, ensuring continued stability in trade flows. This exclusion highlights the strategic importance of tungsten in U.S. national defense and manufacturing, reinforcing Almonty’s role in supporting a secure supply chain. The company is committed to reducing dependence on Chinese-sourced minerals and aims to become a leading vertically integrated tungsten producer in the Western world.
More about Almonty Industries
Almonty Industries Inc. is a global producer of tungsten concentrate, operating in conflict-free regions. The company mines, processes, and ships tungsten concentrate from its Panasqueira mine in Portugal and is constructing the Sangdong tungsten mine in South Korea. Almonty is also developing the Valtreixal tin/tungsten project in Spain and the Los Santos Mine in Spain.
YTD Price Performance: 118.81%
Average Trading Volume: 531,593
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$620.3M
Find detailed analytics on AII stock on TipRanks’ Stock Analysis page.