Almonty Industries Inc. (TSX:AII)
Canada · Delayed Price · Currency is CAD 24.02
-1.18 (-4.68%)
May 15, 2026, 4:00 PM EST
Almonty Industries Earnings Call Transcripts
Fiscal Year 2026
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Tungsten prices have soared due to Chinese supply constraints, subsidy removal, and export controls, while Western supply faces bureaucratic hurdles. Demand is shifting toward defense and technology sectors, with substitution unlikely. Strategic focus is moving downstream, and recycling is set to grow.
Fiscal Year 2025
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Almonty is advancing major tungsten and molybdenum projects in South Korea, Portugal, and Spain, with Sangdong set to become a leading global tungsten supplier. Strategic off-take agreements, U.S. re-domiciling, and rising defense demand position the company as a key Western supplier.