Insider knowledge drives share prices: What does Almonty CEO Lewis Black have planned next? Insider purchases at TKMS and Aixtron are causing a stir!

Almonty Industries – Competitive position further strengthened

Almonty Industries will soon begin operations at the Sangdong Mine in South Korea, which is the world's largest facility outside of China in terms of production volume. However, CEO Lewis Black has not yet confirmed an exact start date for production. All areas of production are currently undergoing a stress test, Black said in a recent interview.

The tungsten market is dominated by China, Russia, and North Korea. The Sangdong mine is already considered the most important Western tungsten project. At full production capacity, it is expected to cover over 80% of Western non-Chinese production. Thanks to long-term offtake agreements and attractive price floors, Almonty could generate a cash flow of at least CAD 10 to 12 million per year even in the highly unrealistic scenario of China flooding the market with tungsten, the Company's CEO emphasized. However, two important points argue against the idea of a sharp increase in supply from the People's Republic: China currently appears to have limited tungsten supply available. Secondly, it is often forgotten that Russia and North Korea are also major producers of this critical metal and thus also influence the market.

With Sangdong and its existing production in Portugal, Almonty is essentially the only Western player with extensive expertise in tungsten mining and production. Even more decisive is the modernity of its facilities and processes – Almonty is more than 10 years ahead of China in this regard. The production facility in Portugal is currently about to ramp up to a new level, where higher grades of tungsten will be produced. This will increase output by 40%, according to Black.

The Company recently took a significant strategic step by entering into a binding agreement to acquire the Gentung Browns Lake tungsten project in the US state of Montana. The project is located in a historic tungsten region that once supplied the US's strategic reserves and could go into production as early as the second half of 2026. The deal is worth around USD 9.75 million.

With this move into the United States, Almonty is consolidating its position as the world's leading non-Chinese supplier of tungsten concentrate. With the ramp-up in production and further strategic acquisitions, the share price is likely to continue to rise. Almonty has already secured extensive options for raising capital, but these will only come into play if they create added value for shareholders. CEO Lewis Black himself is the second-largest shareholder and therefore has sufficient "skin in the game."

TKMS – Continued insider buying

Insider buying by supervisory board and executive board members has continued in recent days. From a timing perspective, insider transactions are often a good signal for investors. The stock market history of Thyssenkrupp's marine subsidiary is only a few weeks old, but can be considered a success. The share is currently trading at a good 30% above its issue price of EUR 60.

The majority of analysts give the shares a "Hold" rating, but unanimously point to the Company's strong strategic position as one of the world's leading providers of maritime defense solutions. Investors are speculating on several major orders in the near future, which would make the current forecasts appear too conservative. On December 8, TKMS will publish its preliminary key figures for the past fiscal year.

Aixtron – Business revival in 2026?

The third-quarter figures recently published by Aixtron were, on balance, only a footnote. The outlook is providing much more momentum and imagination. The Company hopes to see an increase in demand from the solar and LED industries in the coming year. Aixtron is seeing the first signs of reinvestment in solar, ROY LED, and micro-LED applications. Analysts also largely confirm their existing "Buy" recommendations. Warburg and DZ Bank have set price targets of EUR 15.50 and EUR 20, respectively. At current prices, one of the supervisory board members recently purchased shares.

Insider purchases often send a strong signal to investors. The management and supervisory board members clearly believe that the companies are on track for robust business performance. TKMS and Aixtron are therefore on the watch list. Almonty, on the other hand, is a must-have given its global leadership position as the leading non-Chinese supplier of tungsten concentrate. The imminent start of production at the Sangdong mine and further news on US assets or other growth plans should provide further momentum for the share.