GBC AG Begins Coverage on Almonty Industries with Positive Outlook

GBC AG has commenced research coverage on Almonty Industries Inc., a Canadian supplier of tungsten and molybdenum, providing critical materials for e-mobility and defense industries. The analysis includes a Buy rating and a CAD 4.20 target, reflecting optimism about Almonty's strategic position.

Tungsten, vital for electric batteries and defense systems, highlights Almonty's significance in reliable supply chains for Western markets. Their operations span several stable Tier 1 nations, including the Sangdong Mine in South Korea, set to start production in 2025. This aligns with their vertically integrated growth strategy.

Almonty's long-term agreements and secured financing, notably through KfW IPEX-Bank, underpin its resilient global supply chain position. The full report, offering further insights, is accessible in both German and English.