Reshoring & Supply Chain

Almonty is the undisputed, geopolitically indispensable tollbooth for Western tungsten supply, trading at a steep relative discount with massive near-term growth, though investors must monitor the execution of the Sangdong processing ramp-up and the mechanics of its convertible debt overhang.

MP Materials' sovereign-backed position and defense subsidies support its shift into U.S. magnet manufacturing, but high valuation, insider selling and transition execution risks warrant caution.