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Dirk Graszt, CEO, Clean Logistics SE

Dirk Graszt
CEO | Clean Logistics SE
Trettaustr.32, 21107 Hamburg (DE)


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Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".

Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".

21. September 2021 | 12:22 CET

LPKF Laser, Almonty Industries, Wacker Chemie - Brilliant growth

  • Tungsten
Photo credits:

During the last TV debate before the federal elections, the topic of climate protection was hotly debated. In her closing statement, the Green Party candidate said that "as Chancellor, she stands for real change, not doing things by halves when it comes to climate protection." Decarbonization must come about as quickly as possible. However, looking at the current stagnation in the expansion of the infrastructure for renewable energies on the one hand and the shortage of raw materials needed for this on the other, one should at least seriously question the ambitious goal.

time to read: 3 minutes by Stefan Feulner

Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG
"[...] China's dominance is one of the reasons why we are so heavily involved in the tungsten market. Here, around 85% of production is in Chinese hands. [...]" Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG

Full interview



Stefan Feulner

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

About the author

Almonty Industries - Defying China

The demand for raw materials to expand renewable energies is enormous and already exceeds supply. Lithium, cobalt and nickel are currently difficult to acquire. Yet the cycle in Germany, the total share of electric cars is just over 10%, is just beginning. The trade war between China and the USA is making matters even more difficult. The Middle Kingdom is the leading producer with a quota of 80% of the world market on average. Increasing domestic demand leaves less and less for the Western industrialized countries.

The share of production for the strategic metal tungsten is even higher at 85%. The shortage ex-China is reflected in the price of tungsten APT (ammonium paratungstate), which is currently higher than it has been for more than three years. Most people know tungsten from its use as the filament in lamps. In addition to the oil and gas industry, there is increased demand in new sectors such as charging stations for e-cars, 5G networks and semiconductors.

One way to get tungsten outside China is through Almonty Industries, which is building the world's largest tungsten mine at Sangdong in South Korea. By the end of next year, the mine is expected to produce tungsten concentrates of up to 10% of the global market. The groundbreaking ceremony took place in the 2nd quarter of this year, and the financing was completed with the implementation of a capital increase in the amount of EUR 9.4 million. The debt capital is contributed by the Frankfurt KfW-IPEX Bank for USD 75.1 million.

In addition, a buyer for the next 15 years with a guaranteed price floor has already been found in the Austrian Plansee Group. Plansee also has a stake in Almonty Industries, as does Deutsche Rohstoff AG, which holds 12.2% of the Canadian Company. The currently rising tungsten prices and the approaching start of production should give wings to the share price of Almonty Industries. Currently, the stock market value is EUR 119.80.

LPKF Laser - Supplier to the solar industry

LPKF Laser, the manufacturer of machines and laser systems for micromaterial processing, is becoming increasingly popular in the solar industry. Back in July, the Garbsen-based Company received an order from a solar module supplier. Now, another order worth EUR 10 million has been received from the solar industry. This order will be relevant for sales in the fiscal years 2022 and 2023. In total, the order backlog from the solar industry amounts to more than EUR 40 million.

Overall, 2021 got off to a slow start and was characterized by a slump in sales and higher-than-expected losses. The order situation has improved significantly so that higher sales should be reported in the second half of the year. In the wake of the weak year, LPKF Laser shares also lost more than 30% in value. A broad support zone around EUR 20 could be an entry point after a successful test.

Wacker Chemie - Take advantage of setbacks

The chart picture for the chemicals group Wacker Chemie is much rosier. After the middle of the month highs at EUR 159.45, the Munich-based share corrected due to the weak overall market. It is currently testing the broad support at EUR 150. The strong share price performance was fundamentally driven by the increase in annual forecasts for both sales and operating profit. The reason for the renewed upward adjustment is the rising price of polysilicon and high demand in the chemical areas.

The sales target has now been raised from EUR 5.5 billion to EUR 6 billion. In the previous year, Wacker Chemie achieved revenues of EUR 4.7 billion. Earnings before interest, taxes, depreciation and amortization will now be between EUR 1.2 billion and EUR 1.4 billion. The Company expected an operating profit of between EUR 0.9 billion and EUR 1.1 billion in earlier forecasts.

Due to the higher annual targets, major Swiss bank UBS left LPKF Laser's stock at "buy" and firmed up its price target of EUR 190. Although the middle of the new target range is below internal estimates, the EBITDA expected for the third quarter is above it.

Climate protection dominates the election campaign. As usual, ambitious targets and promises are trumpeted before the election, but the reality of implementation often looks different. The shortage in the tungsten market makes Almonty Industries a global player. In contrast, LPKF Laser is benefiting from rising demand from the solar industry and is attractive at its current value, as is Munich-based chemicals group Wacker Chemie.


Stefan Feulner

The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.

About the author

Conflict of interest & risk note

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Related comments:

19. October 2021 | 12:46 CET | by Carsten Mainitz

Nvidia, Almonty Industries, BP - Scarcity drives prices!

  • Tungsten

The shift from fossil fuels to renewable energy sources is increasing the need for industrial metals. Copper's excellent thermal conductivity, along with its corrosion resistance, ease of processing, strength, durability and formability, offer unbeatable advantages in solar thermal applications. Tungsten's properties also play an increasingly important role in power, lighting, medical and aerospace applications. Companies producing the critical metal have significant upside opportunities in this regard.


13. October 2021 | 13:23 CET | by André Will-Laudien

BASF, Almonty Industries, Millennial Lithium, BYD - All sold out?

  • Tungsten

Anyone who can offer scarce raw materials today is in a fortunate position as far as business prospects are concerned. In particular, metals and battery raw materials are in high demand and have become a bone of contention in globalization. That is because many critical metals are majority-owned by China, meaning that the regime decides on potential allocations to foreign countries. Admittedly, the Middle Kingdom wants to stay in business with the West, so long-term contracts exist. Nevertheless, the domestic industry is naturally given preferential treatment; we can only hope for political stability and incremental improvements in the West. Who are the interesting players in the tight commodity market?


04. October 2021 | 12:36 CET | by Armin Schulz

BP, Almonty Industries, Standard Lithium - Which commodities offer the most potential?

  • Tungsten

Last Tuesday, the barrel of oil reached the USD 80 mark again for the first time since 2018, even though OPEC had recently increased production volumes. The discrepancy between supply and demand obviously could not be closed by the production increase. Comparing tungsten with gold, an investment in tungsten could beat gold by 70% since 2010. In the case of lithium, the price is also rising significantly. The automotive industry has decided to push ahead with its conversion to e-mobility in the interests of sustainability. So, the ambitious goal of charging only USD 100 per KWh of capacity in an e-car battery will not happen, making the price of e-cars much cheaper. Today, we take a look at three companies that produce these raw materials and analyze the potential.