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4 clusters · 13 sources · 18 days · First seen · Last updated

Categories: BUSINESS

Metal producers benefit from high commodity prices

Entities: Nasdaq · Frankfurt Stock Exchange · Sangdong mine · Deutsche Rohstoff AG · Almonty Industries

Overview

Recent weeks have reinforced the view that metal producers are thriving amid elevated commodity prices and tightening supply chains. After DA Davidson raised its target on July 15, Almonty Industries' share price surged, supported by a long‑term supply contract for the Sangdong tungsten mine that positions the company as a non‑Chinese source ahead of a planned U.S. defence ban on Chinese tungsten.

Montega AG’s upgrade of AMAG Austria Metall, backed by a 45 % year‑on‑year rise in LME aluminium prices and geopolitical tension, further underscored optimism for German metal equities.

Almonty announced a series of listing consolidations: a July 19 decision to delist from the Toronto Stock Exchange by 31 July and a July 24 plan to withdraw from the Australian Securities Exchange on 1 September, leaving Nasdaq and the Frankfurt Stock Exchange as its sole venues.

On 27 July, Almonty confirmed that processing at the Sangdong mine began in June, marking a major operational milestone. The company reiterated its withdrawal from Toronto on 31 July and from the ASX on 28 August, with a final delisting on 1 September. A recent sale of roughly 5 million shares by major shareholder Deutsche Rohstoff AG contributed to a 5.5 % share‑price decline to CAD 18.81, an 18 % drop over the past month.

These developments – contract extensions, upgraded earnings forecasts, and focused listing strategies – illustrate how metal producers are capitalising on strong commodity pricing while streamlining their market presence.

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    Almonty Industries consolidates Nasdaq and Frankfurt listings as Sangdong mine starts production

    Almonty starts production at South Korea's Sangdong mine, exits TSX and ASX, and moves its listing to Nasdaq and Frankfurt; Deutsche Rohstoff AG reduced its stake.

  2. 9 days ago

    [BUSINESS] 3 sources
    Almonty Industries to Delist from Toronto Stock Exchange, Shift to Nasdaq After Expanding Sangdong Mine Contract

    Almonty Industries will delist from the Toronto Stock Exchange on 31 July 2026, moving all trading to Nasdaq after extending its Sangdong mine supply contract to 21 years, boosting volume and revenue.

  3. 13 days ago

    [BUSINESS] 7 sources
    CEWE, AMAG and Bio‑Gate receive buy ratings in analyst reports

    Analyst buy ratings were issued for CEWE's Kodak Moments acquisition, AMAG's Q2 growth outlook, and Bio‑Gate's scaling biotech operations, each with target prices and positive earnings forecasts.

  4. 19 days ago

    [BUSINESS] 4 sources
    Almonty Industries Shares Surge as DA Davidson Raises Price Target

    Almonty shares rose 9.7% after DA Davidson lifted its price target to $33 and Plansee confirmed a supply deal for the Sangdong tungsten mine, boosting its strategic position despite dilution risks from new bond

Sources

b2b-cyber-security.de · bizzmarkblog.com · embed.presseportal.de · finanznachrichten.de · finanztreff.de · it-boltwise.de · kapitalmarktexperten.de · mommygearest.com · presseportal.de · propertyscoop.ae · schaumburger-wochenblatt.de · stocknews.com · usofabaseball.com

This summary has been updated 1 time: see revision history