Production costs

Commented by Nico Popp on October 21st, 2026 | 18:29 CEST

Almonty Industries: Bank of America sees share price weakness as an opportunity - Catch-up potential in the tungsten market

• Tungsten
• Sangdong
• Bank of America
• Supply chains
• Production costs
• Valuation

The European benchmark price for tungsten has risen 176% this year, driven by unexpectedly strong demand from the defence sector and ongoing Chinese export controls. While Almonty Industries shares have recently weakened, security of supply in the West is coming into focus: industry is desperately seeking tungsten. This is precisely where Almonty comes into play as one of the few producers building additional supply capacity over the coming years. Shortly before the first shipment of material from the Sangdong mine in South Korea, a recent Bank of America report with a price target of USD 24.00 highlights the company's key strategic role.