Almonty Industries Reaches Key Milestone with First Ore Shipment from Sangdong

Almonty CA0203981034

Almonty Industries has successfully moved its flagship Sangdong tungsten mine in South Korea from construction into active production. This critical transition marks a significant step in the company’s strategy to become a major supplier of tungsten outside of China, a goal increasingly prioritized by Western nations. The company’s ability to navigate a complex market environment now comes into sharper focus.

The commencement of operations at Sangdong occurs against a backdrop of dramatic price movements and shifting supply chains. Throughout 2025, the price of tungsten surged by over 160%. This rally is primarily attributed to export restrictions from China, which currently accounts for more than 80% of global production.

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