Hanaro Agribiz ETF (314700)

Overview

Almonty Industries Inc. is a prominent player in the mining sector, focusing on the extraction, processing, and distribution of tungsten concentrate. With a strategic emphasis on tungsten, the company has established itself as a significant entity in the mining industry. Its operations span several key locations worldwide, including the Los Santos mine close to Salamanca, Spain; the Panasqueira mine in Covilha and Castelo Branco, Portugal; the Sangdong mine in Gangwon Province, Republic of Korea; and the Valtreixal project in Zamora province, Western Spain. Headquartered in Toronto, Canada, Almonty Industries Inc. is dedicated to leveraging its global presence to meet the growing demand for tungsten, a critical resource used in various industrial applications. The company's extensive portfolio and strategic site locations are testimant to its ambition and commitment to being at the forefront of the tungsten mining industry.

Products and Services

• Tungsten Concentrate Mining

  Almonty Industries specializes in the extraction of tungsten ores from its mining sites, which are then processed to produce tungsten concentrate. This concentrate is a crucial raw material used in the production of tungsten metal and its alloys, offering high density, high melting point, and resistance to high temperatures, making it ideal for use in various applications such as electrical, mining, and metalworking industries.

• Tin Mining

  In addition to tungsten, Almonty Industries extracts tin, primarily at its Panasqueira and Valtreixal projects in Portugal and Spain, respectively. Tin is an essential metal used in soldering, coating, and alloys, playing a critical role in the electronics industry due to its corrosion-resistant properties and ability to form useful alloys.