New article about Sangdong mine in The Korean TimesHilights:
"Sangdong Mine is now fully funded and construction is well advanced," Almonty CEO Lewis Black told The Korea Times via email. "Almonty Korea has been working ahead of mining, including drilling, mine excavation, and processing plant construction, and is expected to produce 2,500 tons of tungsten every year after the commissioning."
"Our plan is to downstream the excess concentrate to produce tungsten oxide, which is the product directly consumed in the domestic Korean market," he said. "At full output and by processing additional concentrate from our European operations and scrap, we can provide up to 50 percent of the Korean market's domestic needs."
Given that tungsten is used in anodes and cathodes in electric vehicle (EV) batteries, Almonty is also expected to benefit from the U.S. Inflation Reduction Act (IRA), which is partially intended to restrain the growth of China's EV industry.
https://www.koreatimes.co.kr/www/tech/2022/12/419_340916.html