Almonty Industries' Sangdong Tungsten Mine Begins Operations, Stockpiles $68M in Ore

Published: Jul 9, 2026 18:06

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【SMM Tungsten Express】Almonty Industries announced that its Sangdong tungsten mine processing plant in South Korea has commenced operations, converting ore into saleable tungsten concentrate. As of end-June, the company had stockpiled approximately 139,700 tonnes of ore at an average grade of 0.25% WO₃, representing an illustrative gross in-process value of approximately US$68 million at current tungsten prices. The milestone marks Sangdong's transition from development into revenue-generating operations.

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