Almonty Industries (ALM) announced a share buyback on Monday, aiming to address the "disconnect" between its share price and the value of its tungsten assets. The company believes its tungsten assets are undervalued as processing volumes increase at its Sangdong mine in South Korea. This move comes amid growing market concerns about a shortage of tungsten, a critical material for AI and defense. Almonty's shares jumped early on Monday, following a significant rise on Friday.