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Goldman Sachs Puts Almonty Industries Under Microscope with Neutral Rating

Guavy AI Editorial Team
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Goldman Sachs has initiated coverage on Almonty Industries Inc., assigning it a Neutral rating and setting a price target of $13.00.

The firm believes that Almonty is at the center of the Western tungsten investment narrative due to China's policy actions, which have resulted in global supply concerns.

Tungsten prices have increased 8x since the beginning of 2025, and Goldman Sachs expects this trend to continue as new mine supply responds to current economics.

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