Elmet Group Wins US $2 Billion Tungsten Stockpile Agreement

Elmet Group has signed a tungsten stockpile agreement worth $2 billion with the US government. The agreement aims to strengthen the US strategic tungsten reserves. Tungsten is a metal widely used in critical sectors such as defense, aerospace, and electronics. With this agreement, the US aims to reduce its dependence on foreign sources for tungsten supply. The amount of tungsten Elmet Group will supply under the agreement or the delivery schedule has not yet been disclosed. The company may share the financial impact of this agreement in the coming period. This development is seen as one of the latest steps by the US to increase domestic production and stockpiling in the field of critical minerals. Not investment advice.

📊 GOOGL — Piyasa Yorumu

■ neutral · 35%

The news is not directly related to GOOGL; Elmet Group's tungsten stock agreement does not affect Alphabet's core operations. Technical indicators point to an overbought zone: RSI14 at 73.5 and the price well above the 20-day average. This increases the risk of profit-taking in the short term. The uncertainty created by the news does not provide a stock-specific direction. Therefore, the 1-3 day outlook is neutral, but due to overbought conditions, the possibility of a downward correction should not be ignored.

RSI 14

73.5

MACD

3.52

24h Δ

5.76%

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