Almonty Industries Positions Itself as a Critical Western Tungsten Supplier

Almonty CA0203981034

A tightening global tungsten market, characterized by rising prices, is creating a strategic opportunity. Almonty Industries is actively mobilizing to address a significant gap in the Western supply chain. The company's plan hinges on bringing its flagship Sangdong mine in South Korea to full capacity, supported by expansion initiatives in the United States and Europe. This move comes as China, the world's dominant producer, shows reduced export willingness, prompting industries to seek secure, non-Chinese sources of the critical metal.

The core driver for Almonty's ambitious timeline is the tungsten market itself. Prices saw substantial gains throughout 2025. This surge is largely attributed to export controls and reduced production quotas within China. The resulting scarcity aligns perfectly with Almonty's objective of establishing a reliable, Western-oriented supply chain. The company is already seeing financial momentum, reporting a 28% revenue increase to $8.7 million for the third quarter of 2025.

Sangdong: The Cornerstone Project

Scheduled for full commercial operation in 2026, the Sangdong tungsten mine in South Korea represents the centerpiece of Almonty's strategy. Active mining commenced in December 2025, with the operation now in its final phase before ramping up. Sangdong is projected to become one of the largest and longest-life tungsten sources outside of China. Its geopolitical significance cannot be overstated, as manufacturers urgently pursue supply chain alternatives that are not dependent on a single dominant market.

A Multi-Pronged Growth Approach

Beyond Sangdong, Almonty is advancing a diversified portfolio of assets to broaden its production base:

• United States: The company is targeting production readiness for the second half of 2026 at its Gentung Browns Lake project in Montana.
• Portugal: An extensive drilling program is underway at the Panasqueira mine. The goal is to define a mine plan for the new Level 4, which is expected to yield higher-grade ore and extend the asset's operational life.
• Portfolio Diversification: Concurrently, Almonty is progressing with the definition of mineral reserves at the Sangdong molybdenum project, adding another potential revenue stream.

The coming year is pivotal for Almonty Industries. Successfully transitioning Sangdong into large-scale commercial production and adhering to its U.S. development schedule could position the company as a key strategic supplier to Western industry by 2026.

@ boerse-global.de | CA0203981034 ALMONTY