Almonty Industries Reaches Key Milestone with First Ore Shipment from Sangdong
Published on 01/27/2026 at 16:14 | Redaktion boerse-global.de
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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