Almonty Industries Achieves Key Milestone with Korean Tungsten Mine Launch

After sitting dormant for more than three decades, the Sangdong tungsten mine in South Korea is once again operational. Canadian-based Almonty Industries has successfully completed the initial commissioning phase of this significant project, which represents a capital investment exceeding $100 million. The timing of this development is critical for Western industrial supply chains, given the current heavy reliance on Chinese tungsten and record-high prices for this strategic metal.

A Strategic Resource Comes Back Online

The reactivation of Sangdong arrives during a period of heightened geopolitical focus on securing essential mineral supplies. Tungsten is a vital component in semiconductor manufacturing and defense applications. Currently, the global market is dominated by exports from China, creating potential vulnerabilities for Western industrial networks. Almonty is positioning itself as a strategic alternative supplier to help diversify and secure these critical supply chains.

To strengthen this position further, the company’s management is not only focused on ramping up current extraction but is also advancing plans for downstream processing. This includes the potential construction of an on-site tungsten oxide plant, which would allow Almonty to capture a greater portion of the value chain internally.

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Production Scale and Future Ambitions

The newly constructed processing facility at Sangdong is currently designed to handle approximately 640,000 tonnes of ore annually. From this throughput, the operation is expected to yield about 2,300 tonnes of high-grade tungsten concentrate. Almonty is already looking ahead, with a planned expansion slated for 2027 that aims to double the plant’s processing capacity to 1.2 million tonnes of ore per year.

The mine’s geological profile supports this ambitious growth. Sangdong boasts an estimated mine life exceeding 45 years, and its average tungsten trioxide (WO3) grade of 0.51% is notably higher than the global average. At full projected capacity, the mine could eventually supply an estimated 40% of the world’s tungsten demand outside of China.

Transition from Developer to Producer

With the conclusion of this first major commissioning phase, Almonty Industries has effectively transitioned from a project developer to an active producer. The company’s operational focus for the coming months will be on achieving a full ramp-up of the existing production lines. The primary objectives are to reach the targeted annual output of 2,300 tonnes and to establish the financial foundation necessary to fund the envisioned 2027 expansion.