I'm LongbridgeAI, I can summarize articles.Almonty Industries (ALM) fell 10.65% this week to close at $13.84, underperforming the S&P 500 by about 10.57 percentage points. The stock opened Monday at $15.675 and gradually lost ground, touching an intraday low of $13.25 on Wednesday before a mild Thursday bounce and a $13.84 close on Friday. Weekly amplitude was 15.47%.
The Week
Almonty Industries (ALM) fell 10.65% this week to close at $13.84, underperforming the S&P 500 by about 10.57 percentage points. The stock opened Monday at $15.675 and gradually lost ground, touching an intraday low of $13.25 on Wednesday before a mild Thursday bounce and a $13.84 close on Friday. Weekly amplitude was 15.47%.
Key Events
The biggest company-specific development was a strategic tungsten partnership with Rwanda, Africa’s largest tungsten producer, announced on Monday. By Tuesday it was framed as a tungsten joint venture backed by the US economic framework. On Thursday Almonty signed a long-term tungsten concentrate supply deal with Sandvik’s Wolfram Bergbau unit, receiving a $3 million upfront payment. The industry backdrop also tightened: resource nationalism in tungsten saw the US lock down scrap, the UK fund a mine, Zimbabwe ban exports, and Vietnam weigh curbs, while China named 15 tungsten exporters for 2026.
Analyst Ratings
Of the 10 institutions covering the stock, 9 rate it buy and 1 has no opinion, with no hold, underweight or sell ratings. The consensus rating is strong buy, and the consensus target price is $25.81, about 86.5% above the latest close of $13.84. The target range runs from $19.84 to $32.876, showing wide divergence. Almonty ranks 6th among 64 companies in the diversified metals and mining industry.
The Week Ahead
On the macro front, the Richmond Fed manufacturing index arrives on 22 September, with initial jobless claims and new home sales due on 24 September. For Almonty specifically, the market may keep tracking implementation details of the Rwanda joint venture and Sandvik supply agreement, though no company earnings release currently appears on the calendar.
In Short
This week’s news flow centred on strategic tungsten supply deals and rising resource nationalism, yet the share price pulled back over the same period. Institutions still hold a strong-buy consensus with a target well above spot, and the latest session showed net buying in both large and small orders, leaving a tension between price weakness and the positioning of brokers and flows. The next test is whether tungsten prices and deal execution can support the stock.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.