YEONGWOL, South Korea — A project by a Canadian company to redevelop a tungsten mine is raising hopes in South Korea that the country can end its reliance on China for the critical metal in semiconductors, electric vehicles and rockets.
Almonty Tungsten Korea Corp., a division of Toronto-based Almonty Industries. (ATKC) held a “vision declaration” event at its Sangdong mine in the eastern mountain village of Yeongwol on Thursday, showcasing its plan to start supplying tungsten to South Korea and beyond. in 2026.