Financial Post EN

Almonty Completes Phase 1 of Sangdong Tungsten Mine in South Korea

Sangdong Returns to Production After More Than 30 Years, Designed to Supply Approximately 40% of Western Tungsten Demand at Full Capacity TORONTO — Almonty Industries Inc. (“Almonty” or the “Company”) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, today announced the completion of Phase 1 commissioning at its […]

Mar 16, 2026 &03321616202631; 11:32 UTC financialpost.com Trending 3/5

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Positive for markets

Sentiment score: +75/100

High impact Medium-term (weeks)

WHAT THIS MEANS

Almonty Industries has completed Phase 1 commissioning of the Sangdong tungsten mine in South Korea, marking the return to production after 30+ years of closure. At full capacity, the mine is designed to supply approximately 40% of Western tungsten demand, significantly strengthening Almonty's market position and supply chain resilience for this critical industrial metal.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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ALM

ALMStock

Expected to rise

Successful Phase 1 completion de-risks production ramp-up and positions company to capture significant market share in tungsten supply

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AII

AIIStock

Expected to rise

Same company listed on TSX; benefits from operational milestone and supply dominance potential

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ALI1

ALI1Stock

Expected to rise

Frankfurt listing of Almonty; positive catalyst for European investors seeking tungsten exposure

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CRU

CRUCommodity

Expected to decline

Increased tungsten supply from Sangdong may exert downward pressure on tungsten prices as production scales

PRICE HISTORY

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⚡ SUGGESTED ACTION

Long ALM/AII/ALI1 on this operational milestone with medium-term horizon targeting full production ramp-up. Monitor quarterly production reports and pricing trends; consider hedging commodity price risk given potential supply-driven tungsten price compression.

KEY SIGNALS

Phase 1 commissioning successfully completed - operational de-risking40% Western tungsten supply capacity at full production - market dominance potential30+ year mine restart - supply chain diversification for Western marketsProduction ramp-up timeline critical for revenue realizationGeopolitical significance - reduces Western dependence on Asian tungsten sources

SECTORS INVOLVED

Materials & MiningIndustrial MetalsCritical Minerals

Analysis generated on Mar 16, 2026 at 11:48 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Financial Post. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Almonty Completes Phase 1 of Sangdong Tungsten Mine in South Korea

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