Latest news with #Rheinmetall
The Market Online
a day ago
- Business
- The Market Online
Almonty Industries shares EXPLODE! Rheinmetall, Renk, and Hensoldt left in the shadows!
Almonty Industries' share price (TSX:AII) has gained over 20% in recent days. On its current home exchange in Toronto, the market capitalization has now surpassed the important CAD 1 billion mark. The upcoming IPO on the NASDAQ is a contributing factor to the price surge, but there are many other reasons! The shares of what will soon be the largest tungsten producer outside China are in a perfect storm of positive momentum. The 5% defense spending target agreed upon by NATO countries is also pushing the stock higher. The shares still appear to be an attractive buy. Analyst price targets have not yet been reached and are likely to be raised soon. Almonty currently overshadows Rheinmetall, Renk, and Hensoldt – and rightly so. NATO's 5% defense spending target boosts defense stocks Sentiment toward defense stocks is positive again. Once again, the weak phase for RENK, Rheinmetall, and Hensoldt was short-lived. The shares have risen again in recent days but have been overshadowed by Almonty (TSX:AII). Following the latest NATO meeting, there is a gold rush in the industry. NATO member countries have reaffirmed their commitment to higher defense spending. In future, 5% of economic output is to be spent on the military and defense. In its summit declaration, NATO committed to investing billions in armaments and infrastructure by 2035. US President Donald Trump had repeatedly pushed for higher spending in the past and was accordingly satisfied with the latest commitments. He even went so far as to reaffirm the transatlantic military alliance's commitment to mutual defense (Article 5). A large portion of the billions in investments is also likely to benefit US defense companies. And regardless of whether production takes place in Europe or the US, the entire industry needs tungsten and, therefore, Almonty. No tungsten production in the US since 2015 The situation is particularly precarious in the US. The country has not produced any commercial tungsten since 2015, making it entirely dependent on imports. Yet tungsten is indispensable in aerospace, electronics, defense, and mechanical engineering. With a melting point of 3,422 °C, tungsten has the highest melting point of any metal and is extremely hard. This makes it ideal for use in rocket nozzles, armor-piercing ammunition, protective coatings, and armor plating. The problem is that China produces over 80% of the world's tungsten and is increasingly using it as a weapon in the trade war. The US is currently fighting back with all its might – and Almonty is benefiting. The company has received an official letter from the US House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party and is now part of the Critical Materials Forum. Almonty is the tungsten hope for the West Almonty is seen as the great tungsten hope for the US, Europe, and all Western countries. The Company already operates a mine in Portugal, with plans for expansion, and owns two projects in Spain. But the key driver of its share price is in South Korea. There, after years of preparation and with support from Germany's KfW, Almonty is about to start production at the Sangdong mine. This mine has a lot to offer: Not only is it high-grade, but it also has a lifespan of over 90 years, making it the largest tungsten mine outside China. By 2027, Almonty aims to supply 43% of global demand outside China, with a particular focus on the defense sector, as CEO Lewis Black recently emphasized in an interview with CNBC. A US defense contractor has already secured at least 40 tons of tungsten oxide per month. The fact that there is a price floor but no price ceiling highlights the strength of Almonty's position. Anyone speculating that the NASDAQ listing and the start of operations at the Sangdong mine will trigger a setback is likely to be disappointed. For one thing, there is currently IPO fever in the US, with shares doubling on their first day of trading. In addition, Almonty has another strategically important raw material on offer: molybdenum. The heavy metal deposit is located on the Sangdong property. A long-term purchase agreement has already been signed for this as well. And then there are the expansion plans in Portugal and the two mines in Spain. Furthermore, the value chain can be extended. The fuel for Almonty's share price rocket is unlikely to run out anytime soon. Analysts likely to raise price targets soon Analysts are likely to raise their price targets once operations commence, as this will significantly increase the visibility of future revenues and profits. Sphene Capital's price target is currently CAD 5.40. Analysts at GBC Research currently estimate the fair value of Almonty shares to be CAD 5.50. Yesterday, the stock traded just under CAD 4. Almonty plans to ramp up Sangdong by 2027. GBC analysts expect revenues of CAD 314 million and net income of CAD 212 million by 2027, with the upward trend expected to continue. Conclusion: The price rocket still has plenty of fuel Investors are likely to continue benefiting from investing in Almonty shares. There are simply too many reasons pointing toward further gains. Those who waited for a significant price correction in recent months have missed the rally. Analyst price targets appear realistic and suggest more than 30% additional upside – unless the NASDAQ listing pushes the price even higher. Almonty is keeping pace with German mining stocks but is fundamentally cheaper. Source: Refinitiv Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a 'Transaction'). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company. In this respect, there is a concrete conflict of interest in the reporting on the companies. In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual this reason, there is also a concrete conflict of interest. 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No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user. The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use. This is sponsored content issued on behalf of Apaton Finance GmbH and Almonty Industries, please see full disclaimer here.
Time of India
2 days ago
- Politics
- Time of India
KGB-style strike: Russia destroys NATO vehicles deep inside Germany — has Moscow adopted Ukraine's playbook?
Russians escalate attacks on NATO as suspected sabotage sets German military vehicles ablaze in Erfurt. On June 26, several Rheinmetall trucks, meant for NATO support and Ukraine aid, were destroyed in a targeted arson attack—marking the third incident in three years. Investigators suspect Russian intelligence behind this ongoing sabotage campaign, aimed at disrupting Europe's military logistics. With Germany now the largest defense donor to Ukraine, experts warn this is part of Moscow's covert hybrid war. The Erfurt attack raises urgent questions about NATO security and how far Russian operatives are reaching into the heart of Europe's defense network. Tired of too many ads? Remove Ads Why is Erfurt becoming a hotspot for Russian sabotage? Could Russian intelligence be operating deep inside Germany? Tired of too many ads? Remove Ads What other Russian sabotage activities have hit Europe recently? Drone interference in Denmark Railway sabotage attempts in Poland Cyberattacks on Baltic state networks Trump predict Russia could target other EU countries? 'It's possible. I mean, it's possible.' Why is the June 26 Erfurt fire so significant? Tired of too many ads? Remove Ads How is Germany responding to growing Russian threats? What does this mean for NATO and European security? FAQs: In a troubling escalation, Russians have allegedly intensified attacks on NATO infrastructure, targeting military logistics vehicles in the heart of Germany. On June 26, several Rheinmetall-made military trucks were set ablaze in Erfurt, a city in central Germany, marking the third such incident in three years. Authorities are now investigating this as a suspected foreign sabotage attack, potentially linked to Russian intelligence efforts to disrupt Europe's military support to fire in Erfurt on June 26 destroyed at least three military logistics trucks, with local media and defense analysts suggesting that these were intended for NATO operations and support for Ukraine's armed forces. This is not the first time the city has been targeted. In 2023, an arson attack hit the MAN truck plant, and again on June 1, 2024, the same location suffered a similar repeated targeting has raised serious security concerns. The vehicles attacked were reportedly part of Germany's increasing military aid to Ukraine. With Germany becoming Europe's largest defense donor to Ukraine in 2024–25, Russian intelligence operations seem to be focusing on undermining Berlin's support from have not ruled out state-backed actors. German security services are now probing potential links to Russian intelligence operatives or their affiliates. This comes after a string of covert actions across Germany and Europe, which follow a clear pattern of strategic a separate case earlier in 2024, a German-Russian dual national was arrested for planning attacks on U.S. military facilities and defense contractors in Germany. Authorities believe he was working under instructions from Russian handlers. In another attempt, German officials thwarted plans to damage critical infrastructure tied to Ukraine-linked supply incident is just one part of a wider covert campaign. Across Europe, authorities have reported:These actions—while individually subtle—form a broader hybrid warfare strategy by Moscow. By using deniable, asymmetric tactics like sabotage and cyberattacks, Russia aims to weaken Western support for Ukraine, slow down military logistics, and cause psychological unease among European a June 26 statement at the NATO summit in The Hague, U.S. President Donald Trump was asked whether Vladimir Putin might attack other European countries beyond Ukraine. His response?While not a definitive prediction, Trump's comments mark a clear warning that the Kremlin's ambitions may not stop at Ukraine. With hybrid attacks like Erfurt, Trump's words are now being viewed through a more serious previous acts of interference, the Erfurt arson targeted active military equipment stationed on German soil. These weren't just storage units or civilian infrastructure—they were trucks meant to directly assist NATO and Ukrainian defense shared online showed massive black smoke clouds rising from the site. Firefighters responded quickly, but the destruction was already done. While the German government hasn't released the exact number of vehicles destroyed, the symbolic and operational damage is clear. This wasn't just vandalism—it was a has ramped up its counterintelligence measures. Given its leading role in providing arms, training, and logistics to Ukraine, Berlin is now a frontline state in the shadow war between NATO and Moscow. The government is working closely with domestic intelligence services and NATO partners to strengthen critical infrastructure defense aid to Kyiv surged in 2024 and 2025, positioning it ahead of other European allies. However, with visibility comes risk. The Erfurt fire exposed vulnerabilities in Germany's military logistics network, which Russian operatives appear eager to confirmed as a Russian-coordinated act, the Erfurt fire could become one of the most direct acts of sabotage on NATO territory in the past year. It signals a boldness that goes beyond espionage—Russia is now willing to target military hardware inside alliance nations, risking escalation and diplomatic broader question for NATO isn't if such attacks will continue—but how the alliance will adapt to a battlefield that now includes cyberattacks, sabotage, and psychological warfare. Hybrid war has no frontlines, and Europe may be entering a phase where military support for Ukraine must be shielded not just from missiles—but from flames saboteurs allegedly set fire to military trucks meant for NATO support in is trying to disrupt NATO's aid to Ukraine through sabotage and covert operations.
India.com
2 days ago
- Business
- India.com
Another good news for Anil Ambani, this company's shares hit 52-week high, jumps over…
Anil Ambani Shares of Reliance Infrastructure remained in focus on Thursday, rising over 3% after its subsidiary, Reliance Defence Ltd, announced securing a Rs 600-crore export order from German defense and ammunition manufacturer Rheinmetall Waffe Munition GmbH. The stock jumped 3.33 per cent to settle at Rs 417.50 on the BSE. During the day, it surged 4.93 per cent to hit the 52-week high of Rs 424. At the NSE, it climbed 3.29 per cent to Rs 418. In the previous trade, the stock had jumped 4.98 per cent. Reliance Infra Shares In the past one month, shares of the firm have zoomed over 42 per month, Anil Ambani's Reliance Defence signed an agreement with German arms manufacturer Rheinmetall AG to supply ammunition like artillery shells and explosives from a new facility to be set up in Maharashtra. 'Reliance Defence's export order is one of the largest in the high-tech ammunition domain to date. This underscores the strength of its recently announced strategic partnership with Rheinmetall,' the firm said in a statement on Wednesday. The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and ammunition supply chain, with a particular focus on Europe. Reliance Defence Rs 600 cr Export Order Reliance Infrastructure Limited promoted Reliance Defence Ltd on Wednesday announced securing a Rs 600 crore export order from German defence and ammunition manufacturer Rheinmetall Waffe Munition GmbH. Last month, Anil Ambani's Reliance Defence signed an agreement with German arms manufacturer Rheinmetall AG to supply ammunition like artillery shells and explosives from a new facility to be set up in Maharashtra. 'Reliance Defence's export order is one of the largest in the high-tech ammunition domain to date. This underscores the strength of its recently announced strategic partnership with Rheinmetall,' the firm said in a statement. The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and munition supply chain, with a particular focus on Europe. Reliance Defence aims to be among the top three defence exporters in the country. Armin Papperger, CEO of Rheinmetall AG, while announcing the strategic partnership, said, 'This strategic partnership of Rheinmetall with Reliance Defence led by Anil Ambani's Reliance Group illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Narendra Modi'. Anil D Ambani, founder chairman of Reliance Group, said, 'The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country's private defence manufacturing sector'. Reliance Defence will establish an integrated facility for the manufacturing of explosives, ammunition, and small arms under the ambitious Dhirubhai Ambani Defence City (DADC) initiative. The DADC is being developed in the Watad industrial area of Ratnagiri, Maharashtra, and is set to become the largest greenfield project in the defence sector ever undertaken by any private company in India. The DADC will serve as a cornerstone for future innovation, advanced production, and export-oriented growth in the defence sector. (With Inputs From PTI)
Economic Times
2 days ago
- Business
- Economic Times
Reliance Defence secures 600cr export order from Rheinmetall Germany
Agencies Reliance Defence secures export order (Representational Image) Reliance Defence secured Rs 600 crore worth of export order from Germany's leading defence manufacturer RheinmetallWaffe Munition its recently announced strategic partnership with Rheinmetall, this order is one of the largest contracts in the high-tech ammunition domain. This partnership represents a defining milestone for the country's private defence manufacturing sector, said Anil Ambani, Founder Chairman of the Reliance Group. 'The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country's private defence manufacturing this, we aim to enable India not only to meet its domestic defence needs with confidence, but also to establish itself as a trusted force in the global defence supply chain, said Ambani. 'This strategic partnership of Rheinmetall with Reliance Defence led by Anil Ambani's Reliance Group illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Modi," said Armin Papperger, CEO of Rheinmetall AG while announcing the collaboration. This collaboration aims to strengthen India's indigenous defence manufacturing capabilities. Reliance Infrastructure Limited promoted, Reliance Defence Limited aims to be amongst top three Defence exporters in the country.
Economic Times
2 days ago
- Business
- Economic Times
A windfall is coming for India's surging defence exports
TIL Creatives Indian defence stocks are surging following NATO's announcement to increase defence spending The stock market movement today could be a signifier of big things in store for India's defence export companies. Defence stocks such as Sika Interplant Systems, Data Patterns, BEL and BEML rose up to 5% on Thursday morning. The trigger was a NATO announcement. India's defence sector, once considered heavily import-dependent, is now emerging as a credible global supplier. In recent years, a series of policy reforms, investments and growing industrial capabilities have propelled Indian defence exports to new highs. Now, a windfall is taking shape which can boost India's defence exports further. NATO has announced at the recent summit in The Hague to increase member nations' defence spending to 5% of GDP by 2035. The convergence of NATO's spending surge, Europe's quest for strategic autonomy and India's growing defence manufacturing capability has created a rare alignment of interest and opportunity. For Indian defence manufacturers, the coming decade may well mark a transformational phase, one that could redefine the country's role in global military supply chains. Reliance Defence has secured Rs 600 crore worth of export order from Germany's leading defence manufacturer Rheinmetall Waffe Munition GmbH. Following its recently announced strategic partnership with Rheinmetall, this order is one of the largest contracts in the high-tech ammunition domain. Reliance will supply ammunition like artillery shells and explosives from a new facility to be set up in Maharashtra. The deal comes after Reliance Defence's joint ventures with Dassault Aviation and Thales of France. Recently, Reliance Defence, a subsidiary of Reliance Infrastructure, also entered into a strategic cooperation agreement with Germany's Diehl Defence. The partnership will focus on the local production of the Vulcano 155mm precision-guided munition system, an advanced artillery shell designed for long-range, high-accuracy strikes. Reliance Defence deal with Rheinmetall could be a precursor of a windfall as Europe's planned hike in defence spending will offer more opportunities for Indian defence manufacturers, especially for supply of sub-systems, components, ammunition and other equipment as well as joint projects. NATO's move stems from a growing recognition of geopolitical volatility and strategic vulnerability. Russia's war in Ukraine has exposed the military deficiencies of several European nations and underscored their dependency on the US for security guarantees and military equipment. As a result, the alliance is now aiming for deeper self-reliance and rapid capacity enhancement. Raising defence spending to 5% of GDP is not just symbolic; it translates to hundreds of billions of dollars in additional defence outlay annually across NATO members. Meeting this demand through existing supply chains will be challenging, especially in Europe, where defence manufacturing capacity is limited, and workforce shortages are adding momentum to this shift is the Draghi report on EU competitiveness. Authored by former ECB President Mario Draghi, the report calls for a comprehensive revitalisation of Europe's industrial capacity, with a strong emphasis on achieving strategic autonomy in the defence sector. Crucially, it recommends reducing the EU's reliance on the US for defence imports and instead investing more within building up this capacity will take years, and in the interim, the EU will need reliable, cost-effective external partners to bridge the gap. India, with its increasingly advanced defence manufacturing capabilities and growing diplomatic ties with Europe, is uniquely positioned to fill this role. Moreover, an expanded defence manufacturing base in Europe will also need component suppliers which can be an opportunity for India's growing defence industrial base with a large number of small and big private players. Amidst a push for 'Atmanirbhar Bharat', India's defence exports reached a record high of Rs 23,622 crore (approximately $2.76 billion) in the last financial year 2024-25. Compared to the previous fiscal year's figure of Rs 21,083 crore, this represents an increase of Rs 2,539 crore, equivalent to a 12.04% growth. As per the Ministry of Defence (MoD), India already exports to around 80 countries and aims for Rs 50,000 crore in exports by 2029, strengthening its global defence manufacturing footprint. Compared to a revenue of Rs 686 crore in FY 2013-14, the FY 2024-25 number of Rs 23,622 crore is a 34 times increase, as per the export performance of Defence Public Sector Undertakings (DPSUs) has demonstrated substantial improvement with a 42.85% increase in FY 2024-25, indicating strong international acceptance of Indian defence products and the sector's capability to integrate into global supply networks, as per the MoD. In FY 2024-25, private sector contributions amounted to Rs 15,233 crore, whilst DPSUs generated Rs 8,389 crore in exports. These figures show an improvement from FY 2023-24, when private sector exports stood at Rs 15,209 crore and DPSU exports at Rs 5,874 government has implemented numerous policy changes in recent years to strengthen India's defence sector, MoD said. These include streamlining industrial licensing processes, deregulating components from licensing requirements, and lengthening license validity periods. Furthermore, during the previous financial year, the Standard Operating Procedure for export authorisation underwent simplification, with additional provisions introduced to enhance the country's export capabilities. You Might Also Like: What does NATO's 5% spending deal really mean? Public sector companies such as Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) have been at the forefront, but the private sector is rapidly catching up. The entry of major conglomerates like Larsen & Toubro, Tata Advanced Systems and Reliance Defence has created a dynamic and competitive ecosystem. India's defence sector is poised for substantial growth amid global shifts, according to a recent report by brokerage firm Nuvama. Defence exports are expected to reach Rs 203 billion in FY25, with a government target of Rs 500 billion by FY29. European defence orders could begin flowing as early as the first half of FY26, marking a major milestone for the sector. Given Europe's manufacturing constraints, Indian defence companies are well-positioned to capitalize on rising export opportunities. Europe's limited local manufacturing capacity and workforce shortages are opening doors for Indian defence manufacturers to step in. "Europe's defence expansion is constrained by limited local manufacturing capacity and skilled workforce shortages, especially in aerospace and missile supply chains. As a result, European nations are increasingly looking at partnerships and collaborations with Indian defence manufacturers," Nuvama said. This creates an environment where Indian defence manufacturers can step in, not just as low-cost suppliers but as serious contributors to high-tech systems and platforms too. India's competitive advantage lies in its cost structure, manufacturing capacity and rapidly maturing technological base. Its large, skilled workforce and expanding industrial infrastructure give it the scalability that many European countries currently lack. Furthermore, India's recent advances in defence R&D, ranging from the Tejas light combat aircraft and BrahMos missiles to UAVs and naval systems, have increased its credibility as a supplier of complete solutions, not just parts. This opportunity is as much geopolitical as it is commercial. India is seen as a neutral, democratic and increasingly strategic partner by many European nations. Unlike imports from China or Russia, Indian defence exports come with fewer political strings and are more acceptable in terms of values and alignment. This strategic trust could lead to deeper cooperation beyond simple exports, including co-development initiatives, joint ventures and technology partnerships in critical sectors such as artificial intelligence, cyber warfare, electronic systems and autonomous the road ahead is not without challenges. Indian firms must meet stringent NATO quality standards and ensure timely deliveries, especially in an industry where reliability is paramount. Regulatory bottlenecks, such as export licensing and customs clearances, need to be streamlined further. The government's continued support in terms of policy clarity, R&D funding, and export facilitation will be critical. Additionally, India must focus on moving up the value chain -- from supplying components and subsystems to offering full-fledged platforms and integrated systems.
