Almonty Industries digs tungsten out of the ground and sells it to steelmakers and toolmakers, like a mining version of a spice merchant for hard metals.
Money comes from selling tungsten concentrates, but the business is currently unprofitable: annual net income was CAD -0.12B on revenue of CAD 0.03B, with a net margin of -362.63%. Recent quarters show swings, including a USD 0.13B net income in Q2 2026, but t
Tungsten is a niche metal with few Western suppliers, and Almonty owns mines in Korea, Portugal, and Spain. But competitors like China's CMOC Group and Russia's Wolfram Company operate larger, lower-cost operations, and Almonty's thin gross margins (29.26% TTM
Key events, in time order
Zacks upgrade reflects growing optimism on earnings prospects, a positive shift in analyst stance
None yet
None yet
No comments yet.
Facts and opinions separated · All items sourced · Not investment advice
