Business
Scarce Tungsten, Key For AI, Defense, Is Fueling This Stock
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…
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