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Almonty Industries Aims for 80% Non-China Tungsten Supply

12/19/2025

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Summary

Story summary

Almonty Industries Inc., based in Toronto, Canada, is emerging as a tungsten market player.
The company focuses on stable jurisdictions in Europe and Asia and operates Panasqueira (Portugal) and Sangdong (South Korea).
As tungsten demand rises in defense and manufacturing, Almonty aims to supply over 80% of non-China production.
Recent developments include ore delivery to Sangdong's run-of-mine pad and a $129 million capital raise.

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Story summary

Almonty Industries Inc., based in Toronto, Canada, is emerging as a tungsten market player.
The company focuses on stable jurisdictions in Europe and Asia and operates Panasqueira (Portugal) and Sangdong (South Korea).
As tungsten demand rises in defense and manufacturing, Almonty aims to supply over 80% of non-China production.
Recent developments include ore delivery to Sangdong's run-of-mine pad and a $129 million capital raise.