Canadian miner Pure Tungsten targets first shipments from restarted South Korea mine soon
Canadian miner Pure Tungsten Global expects first tungsten shipments from its newly restarted Ssangjon mine, in South Korea, by late July and for the company's shares to list on the LSE during the fourth quarter.
Pure Tungsten is advancing toward becoming a major global supplier of tungsten through its merger with GB Innovation, which was concluded in May.
The company is preparing to launch two high-impact production assets - the historic Ssangjon mine and the high-grade Maykhura tungsten project in Tajikistan - positioning Pure Tungsten as one of the few emerging producers outside of China.
Commenting on the market dynamics for tungsten, Pure Tungsten says prices have increased dramatically over the past 18 months, driven by tightening supply, growing defence demand and China's increasing restrictions on exports. China currently accounts for more than 80% of global tungsten production and has imposed strict export controls on tungsten products since 2025, significantly reducing material available to Western consumers.
"In our view, there is little indication that China intends to ease these restrictions in the near future. On the contrary, Beijing has further tightened control over tungsten exports, including limiting export permissions to a small number of approved companies.
"The restriction on Chinese exports is creating enormous tensions further down the supply chain," the company states.
Given the strategic importance of the metal and the limited number of new projects expected to enter production globally until after 2027, it underscores the importance of our Ssangjon mine coming online now to help reduce the supply shortfall.
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