ALM is trading at +5.02% now at $16.75 after Almonty said it commenced processing operations at its Sangdong Mine, a key step toward producing saleable tungsten concentrate. The move also follows news that the mine completed Phase 1 and is now commissioned and producing, reinforcing the startup milestone.
This looks company-specific rather than market-driven: major U.S. indices are only modestly higher, while Almonty’s catalyst is the transition from development to revenue-generating production. Tungsten supply outside China remains a strategic theme, which likely supports investor interest in the stock.