Almonty to Lead Global Supply Chain Re-entry of Tungsten in South Korea
Almonty Industries, through its subsidiary Almonty Korea Tungsten (AKTC), hosted a US Geological Survey (USGS) delegation at its Sangdong Mine in South Korea, marking significant progress in tungsten re-entry into the global market. The USGS conducted a review of the mine's redevelopment, including tungsten concentrate production and the ongoing construction of a processing plant and planned tungsten oxide plant. These developments aim to reduce Western dependence on Chinese tungsten, which currently controls 80% of the market. The Sangdong Mine is projected to produce 4,000 tons of high-purity (99.99%) tungsten oxide annually, important for the Korean semiconductor and battery industries. Almonty’s strategic partnership with the Korean government, along with international support, underscores the project’s importance for global resource security.
Almonty Industries, attraverso la sua sussidiaria Almonty Korea Tungsten (AKTC), ha ospitato una delegazione del Servizio Geologico degli Stati Uniti (USGS) nella sua Miniera di Sangdong in Corea del Sud, segnando un progresso significativo nel reinserimento del tungsteno nel mercato globale. L'USGS ha effettuato una revisione della riqualificazione della miniera, compresa la produzione di concentrato di tungsteno e la costruzione in corso di un impianto di lavorazione e di un futuro impianto di ossido di tungsteno. Questi sviluppi mirano a ridurre la dipendenza dell'Occidente dal tungsteno cinese, che attualmente controlla l'80% del mercato. Si prevede che la Miniera di Sangdong produca annualmente 4.000 tonnellate di ossido di tungsteno ad alta purezza (99,99%), importante per le industrie dei semiconduttori e delle batterie della Corea. La partnership strategica di Almonty con il governo coreano, insieme al supporto internazionale, sottolinea l'importanza del progetto per la sicurezza delle risorse globali.
Almonty Industries, a través de su subsidiaria Almonty Korea Tungsten (AKTC), organizó una delegación del Servicio Geológico de los Estados Unidos (USGS) en su Mina de Sangdong en Corea del Sur, marcando un avance significativo en el reintegro del tungsteno en el mercado global. El USGS llevó a cabo una revisión del replanteamiento de la mina, incluyendo la producción de concentrado de tungsteno y la construcción en curso de una planta de procesamiento y una planta de óxido de tungsteno prevista. Estos desarrollos tienen como objetivo reducir la dependencia de Occidente del tungsteno chino, que actualmente controla el 80% del mercado. Se prevé que la Mina de Sangdong produzca anualmente 4.000 toneladas de óxido de tungsteno de alta pureza (99,99%), que es importante para las industrias de semiconductores y baterías de Corea. La asociación estratégica de Almonty con el gobierno coreano, junto con el apoyo internacional, subraya la importancia del proyecto para la seguridad de recursos globales.
Almonty Industries는 자회사인 Almonty Korea Tungsten (AKTC)을 통해 한국 강원도에 위치한 상돈 광산에서 미국 지질조사국(USGS) 대표단을 초청하고, 텅스텐이 세계 시장에 다시 진입하는 데 중요한 진전을 이뤘습니다. USGS는 광산 재개발에 대한 리뷰를 수행하며, 텅스텐 농축물 생산 및 가공 공장과 계획 중인 텅스텐 산화물 공장의 건설 현황을 점검했습니다. 이러한 발전은 현재 80%의 시장 점유율을 가진 중국산 텅스텐에 대한 서구의 의존도를 줄이는 것을 목표로 하고 있습니다. 상돈 광산은 매년 4,000톤의 고순도(99.99%) 텅스텐 산화물을 생산할 것으로 예상되며, 이는 한국의 반도체 및 배터리 산업에 중요합니다. Almonty는 한국 정부와의 전략적 파트너십 및 국제적 지원을 통해 이 프로젝트의 글로벌 자원 안전성에 대한 중요성을 강조하고 있습니다.
Almonty Industries, par le biais de sa filiale Almonty Korea Tungsten (AKTC), a accueilli une délégation du Service géologique des États-Unis (USGS) à sa mine de Sangdong en Corée du Sud, marquant un progrès significatif dans le rétablissement du tungstène sur le marché mondial. L'USGS a effectué une revue de la réhabilitation de la mine, y compris la production de concentré de tungstène et la construction en cours d'une usine de traitement ainsi qu'une usine d'oxyde de tungstène prévue. Ces développements visent à réduire la dépendance de l'Occident au tungstène chinois, qui contrôle actuellement 80 % du marché. La mine de Sangdong devrait produire annuellement 4 000 tonnes d'oxyde de tungstène de haute pureté (99,99 %), important pour les industries des semi-conducteurs et des batteries coréennes. Le partenariat stratégique d'Almonty avec le gouvernement coréen, ainsi que le soutien international, souligne l'importance de ce projet pour la sécurité des ressources mondiales.
Almonty Industries hat durch ihre Tochtergesellschaft Almonty Korea Tungsten (AKTC) eine Delegation des United States Geological Survey (USGS) in ihrer Sangdong Mine in Südkorea empfangen, was einen bedeutenden Fortschritt beim Wiedereintritt von Tungsten in den globalen Markt markiert. Das USGS führte eine Überprüfung der Neuausgestaltung der Mine durch, einschließlich der Produktion von Tungstenkonzentrat und dem laufenden Bau einer Verarbeitungsanlage sowie einer geplanten Tungstenoxid-Anlage. Diese Entwicklungen zielen darauf ab, die Abhängigkeit des Westens von chinesischem Tungsten zu verringern, der derzeit 80 % des Marktes kontrolliert. Es wird erwartet, dass die Sangdong Mine jährlich 4.000 Tonnen hochreines (99,99 %) Tungstenoxid produziert, was für die koreanische Halbleiter- und Batterieindustrie von Bedeutung ist. Almontys strategische Partnerschaft mit der koreanischen Regierung sowie die internationale Unterstützung unterstreichen die Bedeutung des Projekts für die globale Ressourcensicherheit.
- US Geological Survey's review highlights significant progress at Sangdong Mine.
- Projected production of 4,000 tons of 99.99% pure tungsten oxide annually.
- Aims to eliminate Korean dependence on Chinese tungsten oxide, currently over 95%.
- Strategic importance recognized by the Korean government and international bodies.
- 45% of production to be exported to the US under a long-term contract.
- China controls nearly 80% of the global tungsten market, posing a competitive challenge.
Nathaniel Bernardo, Chief Geologist (left) AKTC, is using UV mineral light to observe the tungsten orebody, with and Jamie L. Brainard, Physical Scientist from the
Sean Xun, Assistant Chief at the National Minerals Information Center (“NMIC”) of the US Geological Survey, led a team of four mineral resource scholars to the site. During their visit, they conducted an extensive review of the progress made in the resumption of tungsten concentrate production, the development of the underground galleries, the processing plant under construction, and of Almonty’s planned tungsten oxide plant in Yeongwol. The NMIC plays a crucial role in gathering and analyzing data on the production and supply chain of critical minerals worldwide. In addition, the USGS will be making a significant update and upgrade on the Company’s Sangdong Mine in its 2025 Report due out during the first quarter of 2025.
Since 2018, tungsten has been designated and managed as a critical mineral by
The further expansion of the Sangdong Mine processing plant and the completion of the tungsten oxide plant in Yeongwol is projected to produce 4,000 tons of tungsten oxide annually, with an exceptional purity level of
Almonty: The Global Leader in Non-Chinese Tungsten Mining
Almonty is internationally recognized as the leading expert in tungsten mining outside of
The Company’s leadership and expertise have garnered support from the German and Austrian governments, alongside the strong backing of the Korean regional government and community. As a proudly-Korean company, born from the legacy of Korea Tungsten, AKTC is committed to ensuring that
Almonty’s ongoing projects in
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Source: Almonty Industries Inc.
FAQ
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