Industries Inc. (NASDAQ:ALM) is one of the must-buy small-cap stocks to invest in. On August 11, Oppenheimer initiated coverage of Almonty Industries (NYSE:ALM) with an Outperform rating and a $7.00 price target, citing the company’s strong growth trajectory and recent NASDAQ listing on July 14, 2025. Almonty has delivered a staggering 440% return over the past year and is positioned to become the largest tungsten producer outside China and Russia.
Tungsten prices have surged past $500/MTU, fueled by rising global defense spending, U.S. restrictions on non-friendly-sourced materials, and China’s tightening export controls. In response to this demand, Almonty aims to triple its output to 2.4 million tons by 2027, potentially accounting for 40% of tungsten production among allied nations.
Almonty Industries Inc. (NASDAQ:ALM) is a tungsten mining and development company that acquires and optimizes underperforming tungsten operations and assets, with a focus on turning them around into profitable ventures. It operates mines in Spain, Portugal, and South Korea.
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Disclosure: None. This article is originally published at Insider Monkey.
