Almonty Shares Pause Following Significant Advance

Almonty CA0203981034

After a period of remarkable gains, shares of Almonty Industries Inc. are experiencing a period of consolidation. Trading closed on Friday at $8.67 on the Nasdaq, marking a decline of 3.67%, while the stock traded at €7.48 on Germany's Tradegate platform, down 3.48%. This pullback is viewed as a natural pause following substantial appreciation, driven largely by global tungsten supply concerns and progress at the company's key South Korean mining operation.

The recent market focus coincides with concrete operational progress. On December 16, 2025, the company announced the commencement of commercial mining at its flagship Sangdong project, a critical step toward full-scale production.

Financially, the development of Sangdong is well-supported, following two major capital injections in 2025:
* A Nasdaq listing in July 2025 provided approximately $90 million in funding.
* This was followed by an upsized capital raise in December 2025, generating an additional $129.4 million.
* In total, the company secured over $219 million in new capital last year to advance its projects.

Beyond South Korea, Almonty is progressing on other fronts, including preparations to expand output at its Panasqueira mine in Portugal and maintaining full control over its Gentung Browns Lake project in the United States.

Geopolitical Supply Dynamics Fuel Interest

A key driver behind the stock's performance is the shifting landscape of global tungsten supply. In early January, China tightened export controls for so-called dual-use goods, a category that includes tungsten. This policy move triggered a surge of over 200% in tungsten prices as buyers actively sought non-Chinese sources of the critical metal.

In this context, Almonty is increasingly positioned as a strategic supplier. Industry analyses suggest the Sangdong project has the potential to supply approximately 7% of the tungsten market outside China. This geopolitical narrative has attracted significant investor attention, with some market experts drawing parallels between Almonty and other industrial and defense-adjacent firms like Deutz and Infineon, as capital rotates toward companies supporting critical infrastructure and defense capacities.

Despite Friday's price dip, trading volume remained elevated. The notable activity led MarketBeat to add Almonty to its "Stocks Worth Watching" list on January 16.

Technical and Forward-Looking Perspective

From a chart analysis standpoint, the stock is seen as consolidating after a phase of exponential growth. An automated technical analysis from StockInvest upgraded the shares to a "Buy Candidate" on Friday, citing a strong upward trend that remains intact despite the recent correction.

Looking ahead, investor attention is firmly fixed on the production ramp-up at the Sangdong mine through the first half of 2026. Given the tight global supply situation and China's export policies, the market is highly sensitive to any updates from Almonty regarding production volumes and sales prices. The coming weeks will test how effectively the ongoing narrative of tungsten scarcity and Almonty's role in the supply chain continues to support its current valuation.