Almonty Industries: Market Experts Highlight Significant Upside Potential

Almonty Industries gains major institutional backing as its Sangdong tungsten mine begins production, with analysts setting price targets significantly above current share levels.

The commencement of production at the Sangdong mine in South Korea has positioned Almonty Industries firmly on the radar of both institutional investors and equity researchers. With tungsten market conditions remaining exceptionally supportive, consensus price targets for the company's shares trade substantially above current levels.

Institutional Confidence Surges

A notable wave of institutional investment has underscored the growing confidence in Almonty's trajectory. In a striking move during Q4 2025, investment firm VanEck expanded its stake by a remarkable 13,294.7 percent. This acquisition brings its total holding to approximately 11.24 million shares, valued at around $99 million. Furthermore, new positions were initiated by Encompass, Next Century, Telemark, and Alyeska during the same period.

This influx of capital is directly tied to a pivotal operational milestone achieved on March 16, 2026: the official commissioning of Phase 1 at the Sangdong mine. The facility is projected to eventually supply an estimated 40% of Western tungsten demand—a strategically vital share in a market increasingly focused on securing supply chains outside of China.

Analyst Consensus Points Higher

Following the mid-March 2025 release of annual financial results, several analysts have reaffirmed bullish outlooks. The average twelve-month price target for the NASDAQ-listed shares stands at $18.38. DA Davidson presents the most optimistic forecast at $25.00 per share, while B. Riley has set a target of $23.00. Oppenheimer recently adjusted its assessment to a $19.00 price target.

A Favorable Market Amid Emerging Competition

The company's production ramp-up coincides with a period of significant strength in tungsten pricing. As of mid-March, benchmark prices for Ammonium Paratungstate were near $2,250 per metric ton unit. Since the start of the year, tungsten prices have surged by 557%, driven by a tightening global supply.

However, regional competition is taking shape. Pure Tungsten Inc. aims to bring the Ssangjon mine, located approximately 35 kilometers from Sangdong, into production by June 2026. Market observers nevertheless believe Almonty holds a distinct advantage. The company's completed infrastructure and head start in production are seen as creating a lead that will be difficult for competitors to close, especially within the current high-price environment.