Ukraine war depletes tungsten stocks, says Canadian supplier

Almonty to develop South Korean mine to diversify China-dominated munitions metal

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Almonty Industries is working on reopening a tungsten mine in South Korea. The metal is drawing attention amid the war in Ukraine. (Photo courtesy of Almonty Industries)

RURIKA IMAHASHI, Nikkei staff writer

SYDNEY -- The war in Ukraine is spurring global demand for tungsten to build stockpiles of munitions, Lewis Black, CEO of Canadian miner Almonty Industries, told Nikkei Asia.

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