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Government money, export bans, and a new firewall from China

Governments are moving quickly on tungsten - from new mine investment to tighter import and export restrictions. In this edition of Hard Work, Lewis Black looks at what these shifts could mean for global supply, why the market is tightening, and why Almonty ...

Why America just banned tungsten exports

In the latest edition of Hard Work, Almonty Industries CEO Lewis Black examines the widening divide between Chinese and Western tungsten markets, new US restrictions on tungsten scrap exports, and why constrained supply continues to support historically strong pricing.

Almonty Announces New Share Repurchase Program of Up to US$300,000,000

Almmonty today announced the approval by the Company’s Board of Directors (the “Board”) of a new share repurchase program - The 2026 Share Repurchase Program.

The AI boom’s tungsten problem

In this edition of Hard Work, Almonty CEO Lewis Black looks at a tungsten market where supply constraints are becoming impossible to ignore - from strategic stockpiles and semiconductor shortages to the growing gap between proposed projects and actual production. ...

Almonty Industries Reports Second Quarter 2026 Financial Results

Almonty today announced its financial results for the three and six months ended June 30, 2026. All figures are presented in Canadian dollars unless otherwise noted.

Closing the tungsten loophole

I wasn't sure what to expect when the first edition went out. What I got was a full inbox – some of it kind, some of it opinionated and a fair bit of it forwarded on to people I'd never have reached myself. Thank you for that.

Almonty to Voluntarily Delist From ASX

DILLON, Mont. - Almonty Industries Inc. ("Almonty" or the "Company") (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) announces that the Company has requested and received formal approval from the Australian Securities Exchange ("ASX") to be removed from the ...

Hard Work

Welcome to Hard Work, a regular newsletter from Almonty Industries. A candid view of what’s happening in tungsten and the wider strategic metals market, written by the President & CEO Lewis Black.
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Tungsten

Tungsten (W), Group 6, Atomic Number 74, d-block, Mass 183.84. Properties, facts, uses, supply and demand, forecast and APT prices.

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