Almonty Industries Starts Tungsten Shipments from Sangdong Mine

Key Facts

1The Sangdong mine in South Korea has begun shipping tungsten concentrate and is moving toward 24/7 operations.

2The company has approximately 4.6 months of stockpiled ore to support its production ramp-up.

3Cantor Fitzgerald forecasts all-in sustaining costs to drop from $905 to $319 per MTU by 2027.

Almonty Industries has begun shipping tungsten concentrate from its Sangdong mine in South Korea as the facility transitions toward 24/7 operations. ZeroHedge reported that the company maintains an ore stockpile sufficient to support the production ramp-up phase for approximately 4.6 months, marking a formal move into the production stage to secure a non-Chinese source for this critical mineral.

ALM closed at $13.16 on September 30, 2026, having reached a day high of $13.73 during the session. Cantor Fitzgerald forecasts that all-in sustaining costs for the project will drop significantly from $905 to $319 per MTU by 2027, while economic data from South Korea showed business confidence at 79 on September 28, 2026.