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October 22nd, 2025 | 07:25 CEST

The stock market success stories Almonty Industries, TKMS, and Steyr Motors are opening a new chapter - and it is still not too late to get in!

  • Mining
  • Tungsten
  • CriticalMetals
  • Automotive
  • hightech
  • Defense
Photo credits: pixabay.com

The trade conflict between the US and China is intensifying and reaching a new strategic dimension. Beijing is deliberately restricting exports of critical raw materials and rare earths that are indispensable for high-tech industries, defense, and the energy transition. Western industries are coming under pressure, security of supply is faltering, and prices are rising. Meanwhile, the beneficiaries of this situation, such as producers of critical raw materials, are experiencing a boom. What happens next, and what does the stock market newcomer TKMS have to do with it?

time to read: 3 minutes | Author: Carsten Mainitz
ISIN: ALMONTY INDUSTRIES INC. | CA0203987072 , TKMS AG & CO KGAA | DE000TKMS001 , STEYR MOTORS AG | AT0000A3FW25

Table of contents:


    Almonty Industries: That is tough!

    Tungsten remains a largely unknown critical raw material that is sought after and in high demand due to its extreme heat resistance and hardness – tungsten is harder than diamonds. The metal is of central importance in defense, aviation, mechanical engineering, and energy production. But tungsten is also indispensable in the tech sector, for example, in high-performance AI chips.

    China's export restrictions - the country controls around 80% of global critical raw material reserves - are belatedly drawing attention to the strategic importance of tungsten and similar resources. While most consumers and manufacturers are feeling the strain, producers like Almonty are rejoicing.

    The Canadian company has been operating a tungsten mine in Portugal for several years, gaining crucial experience in mining this strategic metal. In just a few months, Almonty will begin production at the new Sangdong tungsten mine - the largest of its kind in the world outside China. Almonty already has several long-term offtake agreements in place. The Company is also making progress with a second critical raw material at the Sangdong property, molybdenum, as it works to define a resource and tap into another high-demand metal.

    Given the massive dependence on China, Sangdong is an important cornerstone for the West's security of supply. The US, for example, is 100% dependent on tungsten imports. CEO Black is keenly aware of this point. A few weeks ago, Black hinted at a potential acquisition in the US in a Bloomberg interview. Despite the previous price rally, the stock remains promising!

    TKMS – Strong stock market debut and full order books!

    Yesterday, naval shipbuilder thyssenkrupp Marine Systems (TKMS) made its stock market debut. The shares opened at EUR 60, briefly exceeded EUR 100 at EUR 107, and closed at EUR 81.10 - a solid gain of over 35%. TKMS was spun off from the thyssenkrupp Group, with shareholders of the parent company automatically receiving one TKMS share for every 20 shares held. thyssenkrupp remains the largest shareholder with a 51% stake through a new holding structure.

    According to company information, TKMS currently has an order backlog of EUR 18.6 billion, ensuring the shipyard will operate at full capacity until the early 2040s. With around 9,000 employees, the Company manufactures submarines, frigates, and corvettes and is considered the global market leader in non-nuclear submarines. Currently, there is an exciting head-to-head competition between the Germans and a South Korean rival for a major contract from Canada to build up to twelve conventional submarines.

    Steyr Motors AG – Steady positive news flow fizzles out - how long will it last?

    The Austrians are among the world's leading companies in the development and production of special high-performance engines with extreme durability. These engines are primarily used in defense-specialized vehicles, boats, or as auxiliary units for battle tanks and locomotives.

    Steyer shares have been listed on the stock exchange for roughly a year and languished for months around the issue price of EUR 14, until the shares were kissed awake in spring 2025 and rose to over EUR 200 in a short, spectacular rally. Currently, prices hover around EUR 50, giving the Company a market capitalization of approximately EUR 260 million.

    Although Steyr has repeatedly published good news in recent months, its share price has failed to gain any real momentum. The order backlog at the end of the first half of the year stood at EUR 300 million. For the current financial year, the Austrians have forecast an increase in sales of at least 40% compared with the previous year, with an EBIT margin expanding significantly to over 20%. Analysts believe the stock has upside potential of around 35% over a 12-month period. In our opinion, this is a little too conservative. The dynamic and broad-based growth, combined with large margin increases, is not given enough weight in the forecasts – good entry prices for forward-looking investors.


    All of the stock market stories mentioned are completely intact. Rising prices seem inevitable due to the strategy pursued and high demand. Almonty in particular stands out positively. The Sangdong mine has geopolitical significance. The potential expansion into the US provides additional appeal. Steyr and TKMS are also on the list of favorites.


    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.

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    Der Autor

    Carsten Mainitz

    Carsten Mainitz

    The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

    About the author



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