Close menu




July 20th, 2023 | 06:40 CEST

High-tech as an investment opportunity - how Almonty Industries, NVIDIA and FREYR Battery are profiting from the boom

  • Mining
  • Tungsten
  • BatteryMetals
  • Batteries
Photo credits: Almonty Industries

With KT's Mine Safety DX technology, tungsten producer Almonty Industries is conducting pioneering work in the Sangdong mine in South Korea. The solution enhances worker safety and promotes efficient mining practices, a sign of strong ESG commitment. Due to its high density, comparable to gold, tungsten is used in aerospace, automotive, sports and telecommunications applications. NVIDIA is also going high-tech, building the world's first supercomputer to give companies quick and easy access to AI. Norwegian company FREYR Battery, on the other hand, can look forward to EUR 100 million in EU funding as a non-member. Why? Find out here.

time to read: 4 minutes | Author: Juliane Zielonka
ISIN: ALMONTY INDUSTRIES INC. | CA0203981034 , NVIDIA CORP. DL-_001 | US67066G1040 , Freyr Battery | LU2360697374

Table of contents:


    Lewis Black, CEO, Almonty Industries
    "[...] While tungsten has always played an important role in the chip industry, it is now being added to batteries for e-cars. [...]" Lewis Black, CEO, Almonty Industries

    Full interview

     

    Almonty Industries cooperates with South Korean telecom for the highest ESG standard

    Digitalization is making its way into the mining industry. Almonty Industries is one of the largest tungsten miners and producers. With its mining project in Sangdong, South Korea, the Canadian company is now doing pioneering work. Whereas in the last century, canaries were used to protect miners from toxic gases, today high-tech is being used, with Mine Safety DX technology.

    This innovative solution, developed in collaboration with South Korean Telecom, increases worker safety and promotes efficient mining practices. It is a clear sign of the strong ESG commitment from Almonty Industries. The Mine Safety DX solution includes smart devices, access and site management, an AI-based mine safety system, and monitoring of the workplace environment. Smart wristbands and helmets with smart tags provide real-time location and biometric data to respond immediately to underground emergencies and ensure worker safety.

    Access/location management uses Bluetooth Low Energy beacons to position and notify workers in hazardous areas precisely. AI-based safety system enables real-time monitoring, emergency notifications, and data analytics for proactive safety response by mine operators. Working environment monitoring detects hazardous factors and notifies promptly to protect worker well-being.

    The implementation of Mine Safety DX technology at Sangdong Mine underscores Almonty Industries' commitment to responsible and sustainable mining practices. And with that, CEO Lewis Black looks to a promising future. The global tungsten market is expected to be supported by strong growth in the hard metals, superalloys and other alloys sectors, as well as increasing demand in the chemicals sector.

    NVIDIA builds supercomputers with generative AI for industry

    Generative AI - the ability of algorithms to create new text, images, sounds, animations, 3D models and even computer code - is rapidly evolving and changing how people work and spend their leisure time. Whether ChatGPT or Midjourney AI, this form of generative AI is making its way into the production processes of all sectors of the economy.

    According to PwC, AI could contribute more than EUR 13,358 billion (USD 15 bil.) to the global economy by 2030. The impact of AI adoption could be even greater than the combination of the inventions of the internet, mobile broadband and the smartphone.

    Thanks to NVIDIA BioNeMo models, life science company Amgen, a global leader in biotechnology, was able to reduce the model fitting time for screening and optimizing molecules from three months to just a few weeks. Using these trainable base models, scientists can create variants to study specific diseases, allowing them to develop targeted treatments for rare diseases.

    Now NVIDIA plans to build the world's most powerful generative AI cloud supercomputer, Israel-1, based on a new, locally developed high-performance Ethernet platform. Production is scheduled to be completed by the end of 2023.

    The platform developed in Israel is designed to facilitate data centers worldwide in transitioning to AI and accelerated computing. This is made possible by utilizing a new class of Ethernet connections specifically built from the ground up for AI purposes.

    In a statement, NVIDIA says that providing end-to-end AI capabilities reduces the run times of massive transformer-based generative AI models. This enables network engineers, AI data scientists and cloud service providers to achieve accurate results and make informed decisions faster. The AI rally continues at NVIDIA. Analysts put a new price target of EUR 490 on the stock.

    FREYR Battery receives EUR 100 million grant from EU

    Despite not being a member of the EU, the battery producer FREYR Battery from the Kingdom of Norway has managed to secure a EUR 100 million grant from the European Union's Innovation Fund.

    The EU Innovation Fund is one of the world's largest funding opportunities for greenhouse gas emission reduction projects. The Fund's main goal is to support highly innovative technologies and large-scale flagship initiatives that can help Europe reap greater benefits from the transition to a low-carbon continent. The EU seems to have an abundance of funds to provide strong financial support even to non-member countries.

    The grant is for local support of battery production facilities and will be used to further develop FREYR's Giga factory at Mo i Rana in Norway. Construction of the Giga Arctic factory has begun since FREYR's Board of Directors approved the start of construction in June 2022. The plant, which has a nominal capacity of 29 GWh, is based on 24M Technologies' SemiSolidTM manufacturing platform and will run on 100% renewable hydroelectric power.

    According to a consulting report from Minviro, the planned Giga Arctic plant in Norway could enable FREYR's customers to avoid 80 million tons of CO₂ emissions. The projected emissions reduction is nearly double Norway's annual CO₂ emissions.

    FREYR plans to develop battery cell production in the US and Vaasa, Finland, in addition to factory construction in Norway. FREYR's goal is to achieve a battery cell capacity of 50 GWh by 2025, an annual capacity of 100 GWh by 2028, and an annual capacity of 200 GWh by 2030.


    The implementation of Mine Safety DX at the Sangdong Mine underscores Almonty Industries' commitment to responsible and sustainable mining practices. Tungsten is in demand as never before in the growth sectors of aerospace, automotive, and telecommunications. Almonty's investment in safety measures and application of fourth industrial revolution technologies show how responsibly the Company treats its employees. NVIDIA, on the other hand, supports companies more at the meta-level. By building its new supercomputer, NVIDIA is enabling other companies to operate more efficiently, shorten customer-relations processes, and even accelerate scientific research through data analysis, potentially leading to faster breakthroughs than ever before. Analysts see rosy times for the stock and are upgrading it to a target price of EUR 490. Meanwhile, in Norway, the construction of the battery factory in Mo i Rana is progressing with EU funding. FREYR Battery has big plans and is planning further production sites in the US and Finland.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    Juliane Zielonka

    Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.

    About the author



    Related comments:

    Commented by Fabian Lorenz on July 23rd, 2024 | 06:50 CEST

    70% with Evotec shares? Caution with BASF? Almonty Industries tempts investors to get in!

    • Mining
    • Tungsten
    • hightech
    • chemicals
    • Biotechnology

    Will BASF miss market expectations in the second half of the year? Analysts believe so. The chemical giant's revenues are already expected to fall in the second quarter. So, should one sell the shares now? The Evotec share was bought yesterday. Analysts believe that the profit warning from Sartorius should not be overestimated and see over 70% upside potential. However, patience is required. The Almonty Industries share also appears too favourable. The commissioning of a huge tungsten mine is imminent, and not only companies such as Taiwan Semiconductor and Rheinmetall need the critical metal for their high-tech products. So, when will the share break out?

    Read

    Commented by Armin Schulz on July 23rd, 2024 | 06:45 CEST

    Plug Power, Saturn Oil + Gas, RWE - Which energy belongs in the portfolio?

    • Mining
    • Oil
    • renewableenergies
    • Energy

    The debate about the ideal energy source for the future focuses on hydrogen, oil, and renewable energies. Despite its controversial reputation, oil remains a significant energy source due to its high energy density and well-established infrastructure. Technological advances are also reducing the negative environmental impact. However, renewable energies and hydrogen also offer significant advantages, such as sustainability and low emissions. However, there is a lack of infrastructure to fully exploit the advantages of these technologies. We examine one candidate from each sector and where they stand today.

    Read

    Commented by André Will-Laudien on July 22nd, 2024 | 07:00 CEST

    Despite the super disaster with CrowdStrike, 100% returns are possible with TUI, Lufthansa, Prismo Metals and BayWa!

    • Mining
    • Commodities
    • PreciousMetals
    • IT
    • Software
    • Travel

    The CrowdStrike outage shows us just how dependent the world has become on multinational corporations from America. Within hours, everything came to a standstill - nothing worked at airports, supermarkets, and banks, and some hospitals had to postpone operations. Does this make those responsible think about what urgently needs to be changed? In addition to a completely dependent situation in the IT sector, Europe, in particular, is in a pretty poor state regarding raw materials. Chancellor Scholz is looking for resources in Serbia, a country that would like to join the EU but is closer to the aggressor Vladimir Putin. Can Brussels overlook such facts and transfer billions more to Ukraine at the same time? Europe's needs are obviously manifold, and the most urgent need is likely to master the energy transition to prevent industry migration to more favourable jurisdictions. Investors are currently facing enormous challenges. We provide some ideas for a 100% portfolio.

    Read