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The world’s largest tungsten mine is located in Korea but is owned by a foreign company.
Reporter Soe Han-gil
Entered 2024.07.25 09.20
Nice article
Sangdong mine in Yeongwol, Gangwon-do holds 509 potential for world tungstem supply. Due to lack of national devolution, it is tied to Canadian companies.
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It is used in various weapons and AI semiconductors, which are currently in the spotlight, and the United States has declared that it will not use Chinese tungsten.
The reality that Korea’s Sangdong tungsten mine cannot help but attract attention.
A tungsten mine worth 60 trillion won, which cannot be compared to the Blue Whale Yeongil Bay oil, was sold to a foreign company.
There are still traitors who are unable to manage what resources they have and receive huge kickbacks to leak national wealth overseas.
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The world’s largest tungst mine is located in Sangdong, Yeongwol-gun, Gangwon-do, Korea. This mine accounts for 50% of the world’s tungsten supply excluding China.
There is potential for mold production, but ownership is 100% held by the Canadian company Almunti. Tungsrene is a semi-inorganic electric vehicle battery.
It is attracting attention as an essential core material for manufacturing conductors, commercial cutting machines, and Al semiconductors. Currently, 80% of the global tungstem market is
Since China is in control, the United States and Europe are trying to keep it in check.
Korea has the world’s highest per capita tungsten usage, importing 8,000 tons per year. Among them, 909% are imported from China.
There is a very high level of dependence. It is expected that Korea’s tungsten supply and demand situation will improve once the development of the Sangdong mine begins in earnest.
all. The tungstem content of the Sangdong mine is 0.44 gram, which is 2.5 times the world average, making it highly economical.
Founded in 1952, Daehan Joongseok once accounted for 17-19% of the global tungstem market, but was sold during the privatization of public enterprises in 1994.
No way. Afterwards, the ownership changed several times until it was eventually acquired by the Canadian company ROnT. National war on core resources
It can be seen as an example of Rock’s absence book. There is also an analysis that the Sangdong mine’s worth of rice paddies amounts to 60 trillion won.
Almunti plans to start commercial mining at the Sangdong mine in 2025, and plans to build a tungsten oxide plant in Yeongwon-gun in 2024.
Construction is planned. However, the complex refining process takes place in the United States, and Korea exports and re-imports tungsten as raw material.
This is a situation where it has to be done. In the future, Korea will need to recognize the value of resources and seek ways to utilize them commercially.