Brind.

Almonty Secures Long-Term Tungsten Supply Deal with Sandvik from Spanish Mine

2 reports, 2 independent Updated Sep 17
Gone quiet Reached 2 outlets in its first 24 hours
Reports
2
Developments
3
Repetition
0%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

Almonty Industries established a long-term supply agreement with Sandvik for tungsten concentrate recovered from existing mine tailings at Almonty's Los Santos mine in western Spain. The deal, which includes a conditional $3 million upfront payment and a take-or-pay commitment, provides Sandvik with a new European source of the metal. This agreement complements Almonty's recent supply deals in Rwanda and Spain.

From zerohedge.com, mining.com

Why it matters

Some supportBrind's analysis of the reports

The agreement helps Western users reduce reliance on Chinese tungsten supply, which accounts for about 80% of global production. The deal is positioned to meet the urgent demand for critical materials driven by the US defense rearmament cycle.

From zerohedge.com, mining.com

Who's involved

  • Almonty IndustriesCanadian mining company supplying tungsten concentrate from Spanish mine tailings
  • SandvikSwedish mining equipment maker receiving the tungsten concentrate for European refining
  • SpainCountry where Almonty's Los Santos mine and the tungsten source are located
  • RwandaCountry where Almonty recently secured another tungsten supply deal

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Almonty IndustriesSpeculative

    Almonty could secure customer funding to support the reinstatement of its processing plant.

  • EuropeSpeculative

    Europe might see reduced reliance on overseas supply chains for tungsten.

How it developed

Newest first. Tap a step to see who reported it.
  1. Sandvik Group owns Wolfram Bergbau und Hütten AG, and Almonty Industries has entered into a take-or-pay agreement with the subsidiary.Sub-event
  2. Sandvik and Almonty establish mineral supply deals involving Spain and Rwanda.1 source
  3. Almonty to use Spanish mine tailings for tungsten supply, complementing Sandvik's European operations.1 source

Keep exploring

The entities involved

Coverage

Newest first; wire copies grouped