Almonty Industries Receives Approval for Tungsten Processing at Sangdong Mine

[SMM Tungsten Express] Vietnam's Masan High-Tech Materials (MSR) is expanding its tungsten business through resource development, processing capabilities and international partnerships. Its Nui Phao mine is one of the largest operating tungsten mines outside China, with Masan Tungsten Chemicals capacity at approximately 9,345 tpa. The company is advancing approximately 115 million tonnes of polymetallic tungsten resources at the Nui Phao Expansion and Nui Chiem areas, potentially extending operations by 20-30 years. Its partnership with South Korea's GB Innovation will enable processing of third-party feedstock in Vietnam, with plans to increase tungsten oxide capacity to over 8,000 tpa. H1 2026 net profit after tax reached VND 2,202 billion, compared with a loss of VND 216 billion a year

Zangezur Copper Molybdenum Combine (ZCMC) reported 2025 molybdenum concentrate output of 15,548 wet tonnes (13,389.68 dry tonnes), down 13.7% from 18,014 wet tonnes (15,507.08 dry tonnes) in 2024. Sales fell 15.5% to 15,614 wet tonnes. Meanwhile, dry ore treated rose 1.5% to 22.67 million tonnes, with ZCMC linking the lower molybdenum output to ore characteristics. The company produced no ferromolybdenum or roasted molybdenum concentrate in 2025, compared with 273 tonnes and 547 tonnes, respectively, in 2024. The concentrate figures represent physical product weight, not contained molybdenum.

SMM, 20 Sep: A tungsten enterprise in Chongyi released its long-term purchasing quotes for the second half of September: 1. 55% Wolframite Concentrate: CNY 400,000 per standard ton 2. 55% Scheelite Concentrate: CNY 399,000 per standard ton The long-term mine price was cut by CNY 13,000 per standard ton compared with the first half of the month. 3.Ammonium Paratungstate (APT, National Standard Grade Zero): CNY 580,000 per ton. The long-term APT price was reduced by CNY 20,000 per ton month-on-month (vs first half). Note: All prices are inclusive of 13% VAT.