Almonty Industries Positioned for Near-term Revenue Bump as South Korean Tungsten Mine Ramps

Dow Jones

07/10

Almonty Industries will likely benefit from near-term revenue and earnings as it ramps up the Sangdong tungsten mine in South Korea, capturing higher spot price of the metal. DA Davidson analyst Matt Summerville says that global tungsten and molybdenum prices are hovering near historical highs on stronger demand, which should drive revenue through 2028 higher than previously thought. Beyond Sangdong, the company has other projects that will continue to contribute, alongside upcoming downstream products like tungsten oxide. DA Davidson raises its target price on the stock to $33 from $25, noting its model assumptions remain conservative relative to current commodity spot prices. Shares are trading 8.3% higher at $15.78 in New York. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

July 10, 2026 11:49 ET (15:49 GMT)

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DA Davidson analyst Matt Summerville says that global tungsten and molybdenum prices are hovering near historical highs on stronger demand, which should drive revenue through 2028 higher than previously thought. Beyond Sangdong, the company has other projects that will continue to contribute, alongside upcoming downstream products like tungsten oxide. DA Davidson raises its target price on the stock to $33 from $25, noting its model assumptions remain conservative relative to current commodity spot prices. Shares are trading 8.3% higher at $15.78 in New York. 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(NASDAQ Uplisting)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650139131","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650139131","pubTimestamp":1783698540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Almonty Industries will likely benefit from near-term revenue and earnings as it ramps up the Sangdong tungsten mine in South Korea, capturing higher spot price of the metal. DA Davidson analyst Matt Summerville says that global tungsten and molybdenum prices are hovering near historical highs on stronger demand, which should drive revenue through 2028 higher than previously thought. Beyond Sangdong, the company has other projects that will continue to contribute, alongside upcoming downstream products like tungsten oxide. DA Davidson raises its target price on the stock to $33 from $25, noting its model assumptions remain conservative relative to current commodity spot prices. Shares are trading 8.3% higher at $15.78 in New York.  Dow Jones NewswiresJuly 10, 2026 11:49 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ALM":"Almonty Industries Inc. (NASDAQ Uplisting)"},"translate_title":"随着韩国钨矿产量增加，Almonty Industries 预计近期收入将增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALM":1.5},"content_text":"Almonty Industries will likely benefit from near-term revenue and earnings as it ramps up the Sangdong tungsten mine in South Korea, capturing higher spot price of the metal. DA Davidson analyst Matt Summerville says that global tungsten and molybdenum prices are hovering near historical highs on stronger demand, which should drive revenue through 2028 higher than previously thought. Beyond Sangdong, the company has other projects that will continue to contribute, alongside upcoming downstream products like tungsten oxide. DA Davidson raises its target price on the stock to $33 from $25, noting its model assumptions remain conservative relative to current commodity spot prices. Shares are trading 8.3% higher at $15.78 in New York. 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