Almonty Industries, Global Tungsten expand offtake agreement
Company News · Mining.com ·
Almonty Industries has extended its long-term offtake agreement with Global Tungsten & Powders (GTP) by six years and raised contracted volumes by 40%, covering tungsten concentrate from its Sangdong mine in South Korea. The term now runs 21 years from first delivery, stretching contracted deliveries into the late 2040s. Pennsylvania-based GTP is one of the largest Western tungsten powder producers and a key supplier to US defense and industrial supply chains.