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- Almonty Industries (TSX:AII), one of the world’s top tungsten producers, is the newest member of the S&P/TSX Global Mining Index, effective June 23, 2025
- Almonty is a global provider of tungsten concentrate in conflict-free regions, including from its producing Panasqueira mine in Portugal and its Sangdong mine in South Korea, which is slated to begin operations in 2025
- Almonty stock has added 622.58 per cent since 2020
Almonty Industries (TSX:AII), one of the world’s top tungsten producers, is the newest member of the S&P/TSX Global Mining Index, effective June 23, 2025.
The index acts as a benchmark for globally traded miners, with holdings diversified across producers and developers of precious, base and specialty metals.
According to Monday’s news release, the inclusion aligns with “Almonty’s growing profile in the global mining sector and ongoing momentum in the tungsten industry, driven by ongoing geopolitical events.”
Tungsten, the strongest metal on earth, is a critical commodity with applications spanning ballistics, mining and construction – predominantly in the form of tungsten carbide, a derivative whose hardness rivals that of a diamond – granting the metal a more than US$2.5 billion market expected to compound annually at 7.4 per cent through 2029.
China’s control of more than 81 per cent of global tungsten production makes conflict-free supply a matter of national security for Western nations, opening up a high-potential opportunity for miners and producers to meet demand.
This is where Almonty enters the picture, with numerous production expansion initiatives underway at mines in Portugal and South Korea, and the company currently on track to reach its goal of controlling 7 per cent of global tungsten supply and 40 per cent of non-Chinese supply by 2027.
Propelled by a blossoming relationship with the U.S. government and near-term production at its Sangdong mine in South Korea – which is expected to deliver 259,000 tons of tungsten trioxide over a more than 90-year production life – Almonty stock has generated a staggering 549.28 per cent return year-over-year, with increasing scale and pricing power headed in the direction of net income profitability and continued shareholder value generation.
Leadership insights
“We are honored to be included in the S&P/TSX Global Mining Index,” Lewis Black, Almonty’s president and chief executive officer, said in a statement. “This recognition underscores the continued execution of our strategy and the increasing relevance of Almonty as a leading supplier of tungsten for the defense needs of the U.S. and its allies. We look forward to leveraging this momentum as we continue to advance our Sangdong project and seek to create sustainable, long-term value for my fellow shareholders.”
About Almonty Industries
Almonty is a global provider of tungsten concentrate in conflict-free regions, including from its producing Panasqueira mine in Portugal and its Sangdong mine in South Korea, which is slated to begin operations in 2025. The company is also focused on its Valtreixal tin-tungsten and Los Santos tungsten development projects in Spain.
Almonty stock (TSX:AII) last traded at C$4.48. The stock has added 622.58 per cent since 2020.
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