image of THE FASCINATING WORLD OF TUNGSTEN Writer: Kevin Dwyer, CEO & Head Trader
August 24, 2023

Tungsten, often taken as commonplace, plays a vital role in various industries and aspects of our lives.

This lustrous, white metal is pliant and easily manipulated in its elementary form. However, its alloy, usually carbon and oxygen, imbues the metal with significant hardness and brittleness, rendering it a coveted asset in challenging industrial applications. Often referred to as Wolfram, Tungsten is a heavy-duty metallic element coveted for its remarkable density and high melting point. These unique features make it the material of choice in EV batteries by enabling it to weather the high temperatures and intense pressure during battery charging and discharging processes. Arguably, one of the most alluring reasons behind Tungsten becoming an indispensable component in EV batteries is its ability to augment the battery's energy density. Essentially, energy density reflects the quantity of energy a battery can stow per unit of space - an essential attribute for EV batteries. The higher the energy density, the more energy can be crammed into a smaller space. In other words, batteries become lighter and compact without relinquishing performance. Set to play an integral part in fuelling the EV Revolution is the recently revived Sangdong Tungsten Mine, owned by Almonty Industries. Offering a reliable and reasonably-priced source of high-tier Tungsten, this mine promises to alleviate the tightening supply of this crucial mineral. Thus ensuring a steady and sustainable supply to South Korea's flourishing EV industry. As we move towards cleaner and more sustainable transportation, Tungsten will play a crucial role in developing EV batteries. With advancing technology, Tungsten use in EV batteries will increase. Almonty Industries' Sangdong Tungsten Mine is strategically positioned to provide this essential material to the industry. Full Disclosure: We are long the stock. Cheers!

Investment Disclosure

The content provided on this website and in MineStockers episodes is for informational purposes only and should not be considered as an offer, solicitation, recommendation, or determination by MineStockers Inc. for the sale of any financial product or service or the suitability of an investment strategy for any investor.

Investors are advised to consult a financial professional to determine the appropriateness of an investment strategy based on their objectives, financial situation, investment horizon, and individual needs. This information is not intended to serve as financial, tax, legal, accounting, or other professional advice, as such advice should always be tailored to individual circumstances.

The products discussed herein are not insured by any government agency and carry risks, including the potential loss of the principal amount invested. Any information provided is based on both internal and external sources and should not be construed as an endorsement or conclusion regarding a company's financial prospects, resources, or management. Opinions expressed may change and should not be relied upon. It is crucial to seek personalized investment advice for your unique situation.

Natural resources investments are generally volatile, with higher headline risk than other sectors. They tend to be more sensitive to economic data, political and regulatory events, and underlying commodity prices. The prices of natural resources investments are influenced by factors such as the costs of underlying commodities like oil, gas, metals, and coal. These investments may trade on various exchanges and experience price fluctuations due to short-term demand, supply, and investment flows.

Natural resource investments often respond more sensitively to global events and economic data, including natural disasters, political turmoil, pandemics, or the release of employment data.

Investing in foreign markets may carry greater risks than domestic markets, including political, currency, economic, and market risks. It is essential to evaluate if trading in low-priced and international securities is appropriate for your circumstances and financial resources. Past performance does not guarantee future results.

MineStockers Inc., its affiliates, family, friends, employees, associates, and others may hold positions in the securities it covers. Some of the companies covered may be paying clients of the production.

No investment process is risk-free, and profitability is not guaranteed; investors may lose their entire investment. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Diversification does not ensure a profit or protect against loss. Investing in foreign securities involves risks not associated with domestic investments, such as currency fluctuations, political and economic instability, and differing accounting standards, potentially leading to greater share price volatility. The prices of small- and mid-cap company stocks generally experience higher volatility than large-company stocks and may involve higher risks. Smaller companies may lack the management expertise, financial resources, product diversification, and competitive strengths needed to withstand adverse economic conditions.



Toronto Ontario Canada



+1 (905) 967-2519