Almonty Extends Tungsten Offtake Agreement with GTP, Increases Volume and Revenue Potential

[W Quick News] SMM, September 7: A tungsten enterprise in Jiangxi Province issued a production suspension notice. Due to the needs of the company's technological transformation and upgrade project, the enterprise officially suspended production starting September 7, with the resumption date to be announced separately. The enterprise is mainly engaged in tungsten concentrate processing and APT smelting production. This suspension will have a phased impact on its tungsten product supply, and the market is watching the subsequent production resumption progress and its impact on the APT raw material side.

SMM, September 7 — ASX‑listed tungsten miner EQ Resources released its August operational update on September 1. The group posted total revenue of A$55.1 million, marking its second consecutive monthly revenue record.Consolidated tungsten production stood at 19,068 mtu in August, rising 34% month‑on‑month from July. Sales totalled 17,246 mtu at an average realised price of US$2,269 per mtu, subject to final assays and reconciliation. By mine: Spain’s Barruecopardo project produced 12,719 mtu, up 32% month‑on‑month and hitting an all‑time monthly output record for the site. It contributed A$35.2 million in revenue with an average realised price of US$2,368 per mtu. Australia’s Mt Carbine operation generated 6,349 mtu, a 38% month‑on‑month increase, bringing in A$19.9 million in revenue a

[Tungsten Flash] SMM, September 7: Japan's Ministry of Economy, Trade and Industry, pursuant to the revised Export Trade Control Order, officially implemented export controls on high-end machine tool-related items on August 16, 2026. The revision was announced on June 16 and falls under dual-use item control measures within the Wassenaar Arrangement framework. The new rules place complete ultra-high-precision five-axis CNC machine tools, core parts such as linear encoders, rotary tables, and motorized spindles, as well as supporting services including equipment commissioning, system upgrades, original manufacturer maintenance, and remote technical support, under Category II export controls. Export licensing has shifted from bulk licensing to case-by-case approval, with the approval period extended to 45–180 days, and rejection rates are high for sensitive applications such as aerospace and semiconductors. Orders signed before August 16 may be fulfilled under a grace period until the end of 2026, while ordinary three-axis machine tools and basic five-axis machine tools are not subject to the controls.