Almonty Industries Commences Commercial Mining at Sangdong Tungsten Mine
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Almonty Industries has started commercial mining at its Sangdong Tungsten Mine, marking a shift from development to active operations. This move is vital for diversifying the global tungsten supply chain away from China's dominance, enhancing resource security for the U.S. and allies. The Sangdong Mine positions Korea as a global tungsten hub. Despite positive corporate events, Almonty faces financial challenges, with a Hold rating and C$10.00 price target on its stock.
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