$Almonty Industries(ALM.US) has an estimated 36,000 tons of tungsten trioxide potential resources, 41,000 tons of indicated resources, and 218,000 tons of inferred resources. Tungsten is not only essential for smartphones, electric vehicles, components, and semiconductors, but also indispensable in the manufacturing of various defense products such as artillery shells and missiles. The United States cannot completely abandon the use of tungsten, especially as Europe is increasing defense spending to enhance its military strength, which further strengthens the demand for tungsten in Western countries. The company is gaining market favor due to its two tungsten mines located in conflict-free regions.
Worth holding for the long term.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
