YEONGWOL, Gangwon Province — Almonty Korea Tungsten Corp. (AKTC) on Tuesday marked the launch of tungsten production in Korea by hosting a completion ceremony for its processing plant at the Sangdong mine, tapping into strategically significant tungsten ore reserves. The ceremony for the plant adjacent to the Sangdong mine follows the site’s closure in 1994, when tungsten prices plunged amid increased supply from China. The event marks the revival of operations at a mine that once accounted for more than half of Korea’s total exports in the aftermath of the Korean War. The mine still holds vast economic potential, backed by more than $100 million invested by Almonty Industries, a New York-based global tungsten developer that operates its Korean subsidiary, AKTC. The company acquired ownership of the mine in 2015 and has since invested in modernizing its operations. The ceremony was held inside Building C of the plant, a crushing facility that processes raw ore. Lewis Black, CEO and president of Almonty Industries, welcomed around 200 guests at the site. He highlighted the mine’s