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Almonty Industries set for 430% growth by 2030 as top Western tungsten producer amid China export ban

Market News
18 Aug 2026
Seeking Alpha
View Source
Bullish
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Almonty Industries is emerging as the leading Western producer of tungsten, benefiting from China's export ban and rising tungsten prices. Its Sangdong mine, known for high-grade ore and low costs, is expanding in phases fully financed to meet over 20% of global tungsten demand outside China. The company has strong government support, a 21-year offtake agreement, and a C$1.2 billion cash reserve, reducing execution risks and supporting aggressive growth plans. With a projected 430% upside by 2030, Almonty offers a unique investment opportunity in critical minerals amid geopolitical tensions.

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