Sandvik stock gains as tungsten off take deal underpins mining strategy

Published on 09/21/2026 at 12:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sandvik stock is supported by a new tungsten off take deal confirmed on September 21, 2026, strengthening its mining consumables business. Recent quarterly figures show higher revenue and margin as the group focuses on mining and rock solutions.

CNC-Zerspanung mit Metallspänen, Sandvik AB SE0000667891 — Sandvik AB (SE0000667891) fertigt hochpräzise Werkzeuge für die industrielle Metallzerspanung in modernen Fabrikhallen weltweit, Illustration mit AI erstellt.

Sandvik stock (ISIN SE0000667891) is drawing attention after the group’s Wolfram Bergbau und Hutten subsidiary entered into a long term tungsten off take agreement that was highlighted on September 21, 2026, reinforcing the company’s position in mining consumables and services.

Tungsten supply deal strengthens mining portfolio

According to Middle East Metals on September 21, 2026, Almonty Industries and Sandvik’s Wolfram Bergbau und Hutten AG signed a supply contract covering at least 1,720 tonnes of Spanish tungsten concentrate from the Los Santos mine over its initial term.

The same report notes that the deal is structured as a multi year off take agreement, securing a significant volume of tungsten feedstock for Sandvik’s downstream operations and tooling business, which rely on tungsten carbide components.

Recent results show growing mining and rock solutions business

In its most recent quarterly update for the second quarter of 2026, Sandvik reported higher revenue in its Mining and Rock Solutions division, with group revenue increasing compared with the prior year period and operating margin improving as the company continued to focus on high margin aftermarket services and consumables such as drill bits and cutting tools.

The same quarterly disclosure stated that revenue for Sandvik’s latest reported quarter rose compared with the corresponding quarter of the previous year, while adjusted operating profit grew at a faster pace, lifting the margin by several percentage points as the share of service and parts sales increased.

Stock price context and investor perspective

As of September 18, 2026, Sandvik stock on Nasdaq Stockholm traded at a closing price that reflected a modest gain versus the prior day and left the shares within the established 52 week range, with market capitalization in the billions of Swedish kronor and daily volume consistent with recent weeks.

For investors, the tungsten off take agreement adds visibility to Sandvik’s future consumables supply and supports the company’s strategy of coupling equipment sales with long term service and parts contracts, while the latest quarterly figures confirm that this model is generating both revenue growth and margin expansion.

Sandvik stock price as of the last close

Sandvik shares closed on Nasdaq Stockholm at a reference price on September 18, 2026, in Swedish kronor, positioning the stock within its 52 week high and low range and underpinning a market capitalization measured in the tens of billions of Swedish kronor as of that date.