Almonty Updates Sangdong Tungsten Mine Plan: Commissioning Delayed, Mining Started

Published: Dec 24, 2025 15:42

Save

[SMM Tungsten Express] Almonty Industries has updated the plan for its Sangdong tungsten mine in South Korea. According to its October 2025 announcement, the concentrator plant commissioning is postponed from July 2025 to 2026, with commercial production targeted for H1 2026. The mine has commenced active mining with the first ore delivered. Designed to establish a China-independent critical tungsten supply chain, the project aims to provide long-term security for the defense, semiconductor, and other high-tech sectors of the U.S. and its allies, countering China's current >80% supply dominance.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

APT CIF Rotterdam Rises to $3,185/mtu Amid Strong Demand and Tight Supply; European Scrap Prices Decline

[SMM Tungsten Express] As of April 9, SMM data shows APT CIF Rotterdam at $3,150-3,220/mtu, averaging $3,185/mtu, up $35 from last week. Demand remains strong but supply tight, with limited transactions this week and offers concentrated around $3,200/mtu. European scrap market softened: scrap carbide blades at €115-125/kg, averaging €120/kg, down €20 from last week; scrap drill tips at €125/kg. Higher stockpiles from earlier hoarding have increased traders' willingness to sell, leading to lower scrap prices.

14 hours ago

16 hours ago

[SMM Analysis] Easing Geopolitical Risks Boost Market Sentiment, Stainless Steel Inventory Slightly Declines but Remains Under Pressure

16 hours ago

17 hours ago

Magnesium Alloy Demand Accelerates Release, Lightweight Applications Usher in Full-Scale Boom [SMM Survey]

[Magnesium Alloy Demand Accelerating Release, Lightweight Applications Entering Full-Scale Boom] In 2026, the magnesium alloy market demand entered a high-speed growth cycle. Applications in NEV lightweighting, high-end equipment, and high performance transportation equipment continued to expand. The industry ushered in a golden window period of improved supply-demand structure and accelerated technology commercialization, with coordinated deployment across the upstream and downstream of the industry chain picking up pace.

17 hours ago