Phase One Commissioning Concludes at Almonty’s Sangdong Mine

Why It Matters

The project diversifies the critical tungsten supply chain, reducing reliance on China and strengthening strategic mineral security for the United States and its allies.

Key Takeaways

• Phase‑one commissioning completed, plant processes 640k tpa ore
• Expected output 2,300 tpa tungsten concentrate now
• Phase‑two to double capacity to 1.2M tpa by 2027
• Full capacity could supply 40% of non‑China tungsten demand
• Almonty invested >$100M, reviving mine after 30‑year hiatus

Pulse Analysis

China currently controls about 88% of the world’s tungsten supply, making the metal a focal point for geopolitical risk management. As governments in the United States, Europe and Japan push for resilient supply chains, the re‑entry of a high‑grade, non‑Chinese source is a strategic win. Almonty’s Sangdong project not only adds volume but also offers a geographically diversified node that aligns with broader critical‑minerals policies, potentially easing price volatility and fostering downstream manufacturing in allied economies.

Sangdong’s ore grade of roughly 0.51% tungsten trioxide is three times the global average, enabling efficient extraction with modern semi‑autogenous grinding and ball‑mill technology supplied by Metso. The underground infrastructure spans four kilometres of tunnels, and the plant’s design incorporates real‑time monitoring systems that boost operational safety and productivity. Phase‑one delivers 2,300 tonnes of concentrate annually, while the planned 2027 expansion will double capacity, extending the mine’s economic life to over 45 years and justifying the more than $100 million capital outlay.

When operating at full capacity, Sangdong is projected to meet about 40% of the tungsten demand outside China, a figure that could reshape market dynamics. This supply boost may lower dependence on Chinese imports for sectors such as aerospace, defense, and electronics, where tungsten’s hardness and high‑temperature resistance are essential. Moreover, Almonty’s adherence to the Equator Principles underscores a commitment to ESG standards, appealing to investors focused on sustainable mining practices. The combination of strategic location, robust grade, and long‑term outlook positions Sangdong as a cornerstone of the emerging allied tungsten supply chain.