Almonty Industries Achieves Key Milestone with Commercial Production Launch

Almonty Industries has reached a pivotal moment, transitioning its Sangdong tungsten mine in South Korea into commercial production. This development positions the Canadian mining firm to capitalize on record-high prices for the strategic metal and aligns with broader Western initiatives to secure supply chains independent of dominant producers.

The commencement of operations at Sangdong represents a significant strategic move. By bringing this major asset online, Almonty establishes itself as a viable non-Chinese supplier in a market where China controls approximately 80% of global tungsten output. The South Korean facility is projected to rank among the largest and most enduring tungsten mines located outside of China.

Critical on-site infrastructure and processing systems are now functioning under full production parameters. Looking ahead, the company has outlined a Phase-II expansion slated for 2027. Concurrently, Almonty continues to advance its development portfolio, including the Gentung Browns Lake tungsten project in Montana, USA.

Favorable Market and Policy Backdrop

The timing of the production start coincides with a period of historically elevated tungsten prices, driven by constrained global supply and steady industrial demand. These market conditions are further intensified by China's tightened export controls, which apply additional pressure to availability.

Should investors sell immediately? Or is it worth buying Almonty?

Key Developments:

• The Sangdong mine has initiated commercial-scale production.
• Almonty's objective is to become the premier Western supplier of tungsten.
• Tungsten prices are currently trading at multi-year highs.
• The U.S. "Project Vault" initiative aims to bolster domestic supply chains.

In early February 2026, the U.S. government launched "Project Vault," a program designed to build strategic reserves for over 50 critical minerals. This policy directly targets reducing reliance on Chinese sources, a geopolitical shift that benefits companies like Almonty. Market participants view this governmental support as a positive indicator for equities within the sector.

Operational and Strategic Trajectory

The coming quarters will be crucial for Almonty as it works to ramp up output and achieve targeted capacity levels at Sangdong. The company is methodically building its profile as a Western tungsten producer through this operational milestone, the planned 2027 expansion, and its North American projects. The convergence of robust commodity prices, supportive policy frameworks, and now-operational assets is expected to shape the firm's growth narrative in the near term.