GBC AG initiated coverage on Almonty Industries Inc. (ALM) with a Buy recommendation. The German research firm set a price target of 30.00 USD.
Almonty’s Sangdong mine in South Korea began processing stockpiled ore in July 2026. This milestone transitions the company from construction and financing risks to operational status.
The project positions Almonty to become one of the largest non-Chinese tungsten suppliers. Global tungsten prices are currently trading near multi-year highs.
Defense and industrial sectors are driving demand for non-Chinese supply chains. The Sangdong site features high-grade deposits and strategic logistical advantages.