Tungsten Producer Almonty Poised for Another Price Surge?! Is the Stock About to Be Catapulted Even Higher?

An Element from the Stars Conquers Industry

The history of tungsten is as fascinating as the metal itself. As early as the Middle Ages, miners in the Ore Mountains noticed a mineral that literally devoured the tin yield during smelting. They reverently named it Wolfram, as it devoured the tin like a wolf devours a sheep. Today, we know that tungsten is one of the hardest metals on Earth, with the highest melting point of any element. It is so rare and precious that nothing can replace it in modern industry. From delicate wire fibres in lighting to massive armour in the military sector, tungsten is found wherever extreme durability is required. However, the situation is particularly critical in the defence industry. Without tungsten, there would be no modern ballistics, no turbines for aviation, and no drill bits for raw material extraction. The fact that over 80% of global production currently comes from China has set off alarm bells in the West.

Sangdong – The Heart of Western Independence

This is where Almonty Industries comes into play. The company specializes in taking on and optimizing undervalued and complex tungsten projects. The crown jewel in its portfolio is the Sangdong mine in South Korea. This mine is not just any project. It has an ore grade of approximately 0.51% tungsten trioxide. That is three times the global average. The first phase of the mine has been in the commissioning phase since the end of March. Industry experts are eagerly awaiting May 21, when Almonty will release its first official production figures. These data will show whether the mine delivers on its promise. We are talking about an annual processing capacity of 640,000 tons of ore. This is expected to yield around 2,300 tons of high-purity tungsten concentrate. Analysts at DA Davidson anticipate that full commercial capacity could be reached as early as the second quarter of 2026.

The Strategic Weapon in the Geopolitical Chess Game

Almonty's geopolitical significance can hardly be overstated. The US has formally classified dependence on critical raw materials as a threat to national security. A US report from April 2026 leaves no doubt about this. Strict regulations will take effect starting in January 2027. US defence contractors must then source their tungsten exclusively from suppliers outside of China. Almonty is ideally positioned in this regard. The company already has a long-term supply contract with Global Tungsten & Powders in Pennsylvania. If the Sangdong mine completes its planned Phase 2 expansion in 2027, it alone could meet around 40% of global demand outside of China. The company is thus no longer a speculative explorer. Almonty is now an operational producer with a clear and massive growth pipeline. There are simply no real alternatives in the West.

Defence and High Technology as Evergreen Sectors

A look at its applications shows why the demand for tungsten is unlikely ever to wane. In defence technology, the metal is indispensable due to its enormous density. It is used in armour-piercing ammunition and as a protective shield in aerospace applications. But civilian industries cannot do without it either. The automotive industry needs tungsten for special alloys and high-performance tools. In electronics, it is found in every cell phone. It is even in demand in medical technology as radiation shielding. According to experts, demand is expected to rise by 3-7% annually. As China increasingly restricts its exports and prioritizes domestic needs, tungsten is becoming increasingly scarce on the global market. Almonty sits on a treasure trove here that could grow in value year after year. The price curve for tungsten is trending upward, and Almonty provides the solution to the supply shortage.

When Technical Analysis Becomes a Gold Mine

This fundamental strength is also reflected in the assessments of renowned analyst firms. Experts agree that Almonty's valuation needs to be recalibrated (upward). Cantor Fitzgerald recently raised its price target to an impressive USD 25.80, and DA Davidson considers USD 25 to be realistic. The rationale is identical across all firms. The transition from the planning stage to active production eliminates a massive risk. This clears the way for large institutional investors. The fact that interest is already growing is demonstrated by the number of funds (institutional investors) that hold the stock in their portfolios. This figure has recently risen by more than 55% to over 100. The Nasdaq listing in July 2025 and the successful capital raises have also given the company the necessary financial strength, expanded its reach, and enabled it to appeal to a broader audience. This is also reflected in the fairly high trading volume on the Nasdaq.

The Breakout Above the Key Levels

Looking at the stock chart reveals an exciting picture. For a time, the price hovered around USD 20. But momentum could now be picking up noticeably. The stock has already doubled in value since the start of the year. Anyone brave enough to buy in twelve months ago can look back on a substantial gain. The all-time high of just over USD 24 is now within reach. From a purely technical perspective, the next surge could even lift the stock quite effortlessly above USD 28. After that, the target would be toward USD 30. Once a new all-time high is reached, there are simply no classic resistance levels to the upside. In such a scenario, it is difficult to predict when the price movement will end. Many investors therefore still see the current price as an attractive entry point. The rarity of the material and the uniqueness of Almonty's market position speak for themselves.

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A Forward-Looking Conclusion

In summary, Almonty Industries could be on the cusp of a new era, having largely left the complex development phase behind. It must now prove that it can efficiently mine large quantities of tungsten. The combination of extremely high ore grades and an almost desperate demand from Western industry is rare, if not unique. The geopolitical situation also plays into Almonty's hands. Of course, mining always carries certain operational risks. The stock's volatility has also not always been low in the past. Nevertheless, the opportunities currently outweigh the risks, or at least make them manageable. Especially if upcoming production figures confirm the high expectations, a revaluation could be on the horizon. Almonty is now a serious global player. The company is permanently reshaping the landscape of raw material supply—and not to Almonty's detriment. Anyone seeking independence from the Far East will find it difficult, if not impossible, to ignore this name. It remains to be seen how quickly the USD 30 mark will be breached. In any case, the signs point to healthy growth. Almonty has already established itself as an indispensable component of Western industrial strategy and has built a solid reputation.