Core Insights - Almonty Industries is positioning itself as a challenger to China's dominance in the tungsten market, which is critical for global defense, aerospace, and technology sectors [2][3] - The company has recently achieved a significant milestone with a US$90 million financing, which is expected to enhance its operations and supply chain security for the West [2][3] - Almonty is strategically expanding its operations from Portugal to South Korea, indicating a focus on diversifying its supply chain and reducing reliance on Chinese sources [3] Company Developments - Almonty Industries has listed on Nasdaq, marking a significant step in its growth and visibility in the market [2] - The company is actively engaging in discussions about the geopolitics of critical minerals, highlighting the importance of government support and price trends in the industry [3] Market Context - The tungsten market is increasingly recognized for its vital role in various high-tech applications, making it a focal point for investment and strategic planning [2][3] - The ongoing geopolitical tensions and supply chain vulnerabilities are driving interest in securing alternative sources of critical minerals like tungsten [3]