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Is Almonty a Buy After Its 326% Rally?

Source: Nasdaq

Commodities & Raw MaterialsTrade Policy & Supply ChainCompany Fundamentals

Almonty Industries has brought its flagship Sangdong tungsten mine into production as Western customers seek supply sources outside China. The company’s shares have rallied 326%, but its valuation of roughly 65x earnings raises execution and growth-delivery risk for the next phase. The mine’s production ramp and sustained demand for non-Chinese tungsten will be key determinants of further upside.

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mixed

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