Almonty Industries Narrows Its Exchange Footprint as Sangdong Ramp-Up Gathers Steam
Published on 07/25/2026 at 19:50 | Redaktion boerse-global.de
The tungsten producer Almonty Industries is navigating a period of significant transition, with its stock coming under pressure even as the company makes substantial operational progress. Shares closed at C$18.81 on Friday, shedding 5.52% in a single session, a move that pushed the stock below its 200-day moving average of C$19.15 — a technical threshold that often signals a shift in longer-term momentum.
The weekly decline of 2.29% and a monthly slide of 19.58% paint a challenging near-term picture. From the 52-week high of C$33.35 reached on April 17, the stock has now retreated 43.60%. Yet the longer view tells a different story: Almonty shares remain up 55.84% since the start of the year and have surged 211.42% over the past twelve months. The stock has more than quadrupled from its 52-week low of C$4.36 recorded on July 29 of last year.
The relative strength index sits at 38.8, suggesting the stock is approaching oversold territory after the recent selloff. The annualized 30-day volatility of roughly 81% underscores just how sharply the shares have been swinging.
A Strategic Retreat from Multiple Exchanges
The price action is unfolding against a backdrop of deliberate corporate restructuring. Almonty received formal approval from the Australian Securities Exchange on July 23 to delist, with the process set to be completed by September 1, 2026. Trading in the associated CHESS Depositary Interests will be suspended from August 28. In parallel, the company is voluntarily withdrawing from the Toronto Stock Exchange effective July 31.
Should investors sell immediately? Or is it worth buying Almonty?
The rationale is straightforward: the bulk of daily trading volume has shifted to the Nasdaq, making the dual listings in Sydney and Toronto increasingly redundant. Going forward, Almonty will concentrate its listing on the Nasdaq and the Frankfurt Stock Exchange, a move designed to reduce administrative and compliance costs. The company has also relocated its corporate headquarters from Toronto to Dillon, Montana, aligning its physical presence with its strategic focus on supplying critical minerals to Western defense and technology markets.
A Major Shareholder Trims Its Position
Adding to the selling pressure, German investment firm Deutsche Rohstoff AG has sold a portion of its stake in Almonty. For the German company, the divestment proved beneficial — its own shares jumped 17.3% on the news. For Almonty, however, the partial exit of a prominent anchor shareholder has introduced additional supply into the market, compounding the downward pressure on the stock.
Sangdong Moves from Development to Production
Operationally, the company has reached a pivotal milestone. On July 1, Almonty officially commenced processing at its Sangdong mine in South Korea, with an ore stockpile of approximately 139,700 tonnes built up through the end of June. The transition from developer to producer is underpinned by a long-term offtake agreement with Global Tungsten & Powders, which was extended in mid-July to 21 years, running into the late 2040s. The revised contract increases committed delivery volumes by 40%.
A Tightening Global Tungsten Market
The broader market environment remains supportive. China accounts for roughly 31% of EU tungsten demand, according to the European Defence Industrial Association ASD, and Beijing has announced export restrictions set to take effect on December 1, 2026. The EU’s Critical Raw Materials Act aims to source 10% of critical mineral needs from domestic production by 2030.
Almonty at a turning point? This analysis reveals what investors need to know now.
In the UK, the Hemerdon mine near Plymouth — the world’s fourth-largest known deposit — is ramping up output and plans to triple its workforce to 350 employees by the first quarter of 2027. Tungsten prices have surged from historical levels of $270–$300 per MTU to approximately $3,300 per MTU.
For investors, the picture is split between short-term headwinds — the exchange exits, the shareholder sale, and the technical breakdown below the 200-day average — and a structural tailwind from Western efforts to secure independent tungsten supply chains. The coming weeks will see attention fixed on the TSX delisting at month-end and the continued ramp-up of Sangdong’s first phase of production.
Ad
Almonty Stock: New Analysis - 25 July
Fresh Almonty information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
