Stock news: Almonty Industries - Strategic metals for the energy transition

On the EU list of the most critical metals globally, tungsten appears with a value of 7 on a scale of 0 to 8, ranking higher than iron, cobalt, copper, and titanium. Since the Russian invasion of Ukraine, demand for the rare element has increased again, as tungsten is used as a hardening metal in alloys for the defence and high-tech industries. In 2024, an additional 5% of the world market volume will come from the South Korean Sangdong mine, further contributing to the depleted supply market. This is an important milestone for Almonty Industries.

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