Recent Interviews

Lewis Black, CEO, Almonty Industries

Lewis Black
CEO | Almonty Industries
100 King Street West, M5X 1C7 Toronto (CAN)

+1 (647) 438-9766

Interview with mine operator Almonty Industries: "Tungsten makes e-cars better"

Nick Luksha, President, Prospect Ridge Resources

Nick Luksha
President | Prospect Ridge Resources
1288 West Cordova Street Suite 2807, V6C 3R3 Vancouver (CAN)

Interview Prospect Ridge Resources: These fillets taste good to the market

Dirk Graszt, CEO, Clean Logistics SE

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


Interview Clean Logistics: Hydrogen challenge to Daimler + Co.

02. November 2021 | 12:14 CET

Varta, Valneva, Almonty Industries: It is getting close!

  • Tungsten
Photo credits:

Volkswagen, SMA Solar, Asos are just a few examples; hardly a day goes by without companies from a wide variety of industries complaining about shortages. Be it computer chips for the automotive industry, industrial raw materials for production or transportation options. But there are also winners. Among them is tungsten producer Almonty Industries with its project of the century in South Korea. Germany's Varta is looking to profit from the battery shortage, and excitement is building ahead of the numbers. And Valneva, after its successful capital increase, is hoping that corona vaccines will continue to be in demand.

time to read: 3 minutes by Fabian Lorenz
ISIN: VARTA AG O.N. | DE000A0TGJ55 , VALNEVA SE EO -_15 | FR0004056851 , ALMONTY INDUSTRIES INC. | CA0203981034

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



Fabian Lorenz

For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

About the author

Almonty working on the project of the century

Tungsten is essential to today's high-tech industry: from energy and lighting technology to aerospace, telecommunications and medical technology - they all need the rare raw material. Almonty Industries supplies it. The Canadian-based Company specializes in mining, processing and shipping tungsten concentrate. It currently comes from two mines in Portugal and Spain. In addition, Almonty is investing heavily in the development of new mines. These are located in Sangdong in South Korea and the northwest of Spain (Valtreixal). Production at the Sangdong mine is scheduled to start as early as mid-2022, and so far, the Company says it is on schedule. It is currently implementing the road and river diversion project, adhering to strict environmental and sustainability standards. Almonty CEO Lewis Black expressed confidence at the IIF (International Investment Forum) investor conference, saying, "This project is being built according to our ESG program, so it is designed as a 100-year event, not just the usual 30 years."

The Sangdong mine is expected to be the largest tungsten mine outside China when it comes into operation next year. With about 85% of the world's tungsten production currently coming from China, Almonty will likely account for about 30% of non-Chinese tungsten production in a few years. That gives Almonty strategic importance and makes the Company a takeover candidate. But Almonty is also well positioned on its own. Additional capital for the development has already been raised through a capital increase and debt financing. In addition, with the Austrian Plansee Group, both a new major shareholder and a buyer for the tungsten mined in Sangdong have been acquired. The off-take agreement has a term of 15 years and guarantees Almonty an attractive minimum price for a sales volume of at least CAD 750 million. Therefore, with a stock market value of around CAD 192 million, the Canadians appear to be anything but overvalued.

Varta: New details on car batteries within the figures?

More and more car manufacturers are turning their backs on the combustion engine and presenting electric vehicles. That means that the batteries needed are becoming scarce. Varta wants to take advantage of this and stir up the market for batteries for electric cars. However, details are still lacking. Investors are hoping for more information on the expansion when the Q3 figures are published on November 11. However, the specialist for micro batteries is known for its conservative communication. That was evident on the occasion of the half-year figures when investors had speculated on a forecast increase and were left disappointed. At least it is now known that Varta is also on board with Apple's new AirPods. Thus, the Company should continue to earn brilliantly in its core business. And perhaps more than expected, at least there is renewed speculation of a forecast increase. However, given the current global difficulties, one should not be too sure about that. Another disappointment is possible, even if the long-term prospects are right.

Valneva: Fresh capital for scarce vaccine

Last week, Valneva had surprised negatively with the announcement of a capital increase, as the price of USD 17 per share was significantly below the stock market price. The vaccine developer has now almost completely placed the up to 5.5 million shares, and the focus can once again turn to the operational outlook. And this continues to be positive. The COVID-19 vaccine does not seem to come too late, as many unvaccinated people seem to be waiting for the so-called dead vaccine of the French, and the discussion about booster vaccinations is gaining momentum. In Germany, a booster summit is likely to be held soon. At this, the federal and state governments want to discuss how to proceed. "In any case, we must do something to ensure that this third vaccination takes place," emphasized Chancellor Angela Merkel. The first voices are being raised to reopen the vaccination centers. Thus, everything points to further vaccinations, and Valneva should still have considerable potential with its product in industrialized countries and worldwide.

All three stocks benefit from the current shortages. With Valneva, investors are speculating that COVID-19 vaccines will remain in demand. Varta needs to provide details on its strategy regarding its entry into electromobility, and Almonty could emerge as one of the leading tungsten producers.


Fabian Lorenz

For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

About the author

Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.

Related comments:

15. November 2021 | 11:31 CET | by Armin Schulz

Infineon, Almonty Industries, K+S - Profiting from supply bottlenecks

  • Tungsten

It is not only the printing presses of the central banks that are causing inflation in the USA and Europe but also the supply bottlenecks in more and more sectors. The chip shortage has been known for some time, but there is already a shortage of raw materials such as steel, cement, copper, nickel, tungsten, and even fertilizers. The infrastructure package of the USA, which was passed a good week ago, contributes its part to this. In addition to the existing packages, another USD 550 billion package will further fuel demand in the commodities mentioned above. The beneficiaries will be the producers, three of which we take a closer look at today.


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?