Shortage Of Tungsten, Key For AI, Defense, Is Fueling This Stock

Almonty Industries (ALM) announced a share buyback on Monday to capture a 'disconnect' between its stock price and the value of its tungsten assets as processing ramps up at its Sangdong mine in South Korea. The company's stock jumped early Monday after a big gain on Friday, reflecting growing concerns about a tungsten shortage that is key for AI and defense applications.

Almonty Industries ALM announced a share buyback on Monday. The buyback is meant to capture what it calls a "disconnect" between ALM stock's price and the value of its tungsten assets as processing ramps up at its Sangdong mine in South Korea. Almonty stock jumped early Monday after a big gain on Friday. The stock reaction reflects growing concerns about… Shortage Of Tungsten, Key For AI, Defense, Is Fueling This Stock Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8