Close menu




April 27th, 2021 | 07:26 CEST

Plug Power, Almonty Industries, Nel ASA - Hydrogen: Historic turning point!

  • Tungsten
Photo credits: pixabay.com

Joe Biden is getting serious about climate action. Now that the United States has re-entered the Paris climate agreement after Donald Trump withdrew, the ambitious targets have been defined. The US wants to halve its greenhouse gas emissions by the end of the decade compared to 2005. The shares of renewable energy providers, which have recently fallen sharply, are reacting strongly. Does the newly announced climate target herald a turnaround? Many stocks are at crucial points.

time to read: 3 minutes | Author: Stefan Feulner
ISIN: US72919P2020 , CA0203981034 , NO0010081235

Table of contents:


    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

     

    Main beneficiaries of the energy turnaround

    After the previous administration took a stepmotherly approach to the energy transition, the new US president sees an urgency to significantly improve his country's energy balance. Alongside China, the USA is the world's largest CO2 emitter and energy consumer. For this reason, over USD 400 billion is to be invested in clean energy and innovation over the next 10 years. This includes wind power as well as hydrogen and fuel cell technology. One of the main beneficiaries is likely to be Plug Power, a US manufacturer of fuel cells. The Company develops and manufactures fuel cells for applications in electromobility, the operation of industrial trucks and stationary use in emergency power systems. Plug Power also supplies hydrogen to its customers and designs hydrogen storage systems.

    Due to irregularities in the balance sheets, the Company was beaten down to currently USD 27.98 after reaching the highs at USD 75.49. Positive statements from the US government provided a much-needed countermovement last week. Thus, after falling below, the share managed to regain the crucial 200-day line around EUR 21. Currently, a bottoming out is taking place with chances of a countermovement up to EUR 30. However, the long-term chart picture will only become bullish once this significant resistance has been overcome.

    European shares send a signal

    In addition to North American shares such as Nikola, Vestas or Ballard Power, the Europeans were also able to profit. Also, the Norwegian hydrogen specialist Nel ASA, which was counted in the chart, was able to initiate a clear countermovement in the downward trend with a price increase of just under 8% and is quoted at EUR 2.52. A breakout above the EUR 2.65 mark would significantly brighten the chart picture here. However, a stop should be placed at EUR 2.40. Yesterday, the hydrogen specialist announced a framework agreement with the energy service provider Aibel.

    The companies intend to jointly develop and implement large, complex projects for renewable hydrogen. Nel announced that the process of gradually involving Aibel in selected ongoing Nel projects is already in full swing. Aibel will also be involved with Nel ASA to deliver the 20 MW PEM hydrogen production plant to Iberdrola in Spain.

    Commodity prices explode

    In addition to the corresponding shares, the prices for the required raw materials are exploding. Copper reached a new 10-year high yesterday. The demand for lithium, rare earth metals and tungsten will also skyrocket in the next few years. The problem is that about 85% of tungsten comes from China. Thus, the Middle Kingdom currently has almost a monopoly on critical metals. Alternatives outside China are scarce, and it would take ten to fifteen years to build up new production facilities. One of the few players on the market is the Canadian Company Almonty Industries.

    Almonty specializes in the mining and processing of tungsten. In addition to mines in Los Santos in western Spain and Panasqueira in Portugal, the Company is developing another tin and tungsten project in Valtreixal in northwestern Spain. With the construction of the largest tungsten mine in the world, Almonty Industries is now on the verge of a breakthrough. In South Korea, more precisely in Sangdong, the largest tungsten mine in the world is to be built and, at full production capacity, will cover 7-10% of global supply in 5 years.

    Shortly before the milestone
    The financing with KfW IPEX for USD 75.1 million has been in place for some time. In addition, a buyer for the tungsten concentrates to be produced in Sangdong from 2022 has been found in the form of the Austrian Plansee Group, which incidentally also became the largest single shareholder. In addition to the Plansee Group, the German Rohstoff AG holds a 12.8% stake in Almonty Industries. The existing shareholders also cleared the last hurdle, namely the equity ratio, to trigger the KfW IPEX-loan.

    As such, the Canadians announced that the Company has cash and binding commitments from existing shareholders totaling USD 9,590,000 through two completed private placements. The first major construction phase should therefore be announced in the next few weeks. Target achieved! Almonty Industries currently has a market capitalization of EUR 145.21 million. The market has not yet recognized the potential of the mega project. In the long term, this Company still offers enormous growth opportunities.


    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 in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

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

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.


    Der Autor

    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



    Related comments:

    Commented by Juliane Zielonka on June 30th, 2022 | 11:39 CEST

    Almonty Industries, Plug Power, BASF - Energy becomes the most valuable asset

    • Tungsten
    • renewableenergies

    Europe is at a crossroads: The energy supply crisis is hitting Germany particularly hard due to its dependence on Russian gas. Alternatives must be found as quickly as possible. In Belgium, a hydrogen plant is being built to make one of the largest industrial ports more CO2-neutral - Plug Power is the development sponsor. BASF is already feeling the gas loss and is changing its strategy. Investors are fleeing the stock despite an 8% dividend. And electric top dog South Korea is also building on economic independence. A metal for nuclear energy is of particular value here - and so is Almonty Industries.

    Read

    Commented by André Will-Laudien on June 22nd, 2022 | 14:35 CEST

    Metal rally: BYD, Almonty Industries, BASF, Nordex - Which shares will be climate change winners?

    • Tungsten
    • Electromobility
    • Battery

    Germany is bracing itself for a difficult winter. Gas supplies from Russia are dwindling. The reason that Siemens Energy is not getting a move on with urgent maintenance here is more likely to be interpreted politically. If Germany continues to join the international arms deliveries to Ukraine, things will likely get tense in the winter. Minister Habeck is calling on the German people to save energy and wants to offer corresponding rewards, but nuclear power plants are still being left out. It is all a bit confusing, but France is already standing by to compensate for Germany's botched energy policy with high-priced electricity supply contracts. So the citizen will have to pay for the red-green climate policy. Where are the opportunities for investors in this environment?

    Read

    Commented by Armin Schulz on June 13th, 2022 | 15:45 CEST

    Alibaba, Almonty Industries, Shell - Shares with conspicuous strength in the crisis

    • Tungsten
    • Oil
    • ecommerce

    The past week was tough for many investors. First, the ECB declared on Wednesday to raise interest rates, and on Friday, it was announced that the inflation rate in the US rose to 8.6% in May. As a result of these events, the markets collapsed and a number of blue chips suffered, in some cases significantly. But even in the weak phases, some shares buck the general market trend, which is a clear sign of strength. When the market as a whole turns around, it is precisely these stocks that often benefit disproportionately. We have picked out three companies that have held up well in the falling market environment and look closely at their future prospects.

    Read