Almonty Industries Starts Mining at Sangdong Tungsten Mine in South Korea
DEFENSE
Almonty Industries Inc. has commenced active mining at the Sangdong Tungsten Mine in South Korea, with the first truckload of ore delivered in December 2025. The mine is expected to be one of the largest tungsten sources outside China, amid rising tungsten prices due to export restrictions and demand. The company plans to achieve full commercial operations by 2026 and has also acquired the Gentung Browns Lake Tungsten Project in Montana, targeting production readiness by late 2026.

Jan 21, 2026, 10:21 AM