First-Take On Almonty Earnings: "Sangdong Ramping, With First Cargo Loaded"

Summary

First-Take On Almonty Earnings: "Sangdong Ramping, With First Cargo Loaded" Almonty Industries, a leading supplier of conflict-free tungsten to Western markets, reported third-quarter earnings below Wall Street expectations , but Bank of America analysts describe initial shipments from its Sangdong mine in South Korea as "ramping up well" and the first cargo loaded. BofA metals and mining analyst Lawson Winder wrote in a note on Friday morning that while Almonty reported third-quarter earnings below forecasts, it delivered "substantial earnings improvement QoQ and YoY." Almonty's flagship…

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