Powering the Future: Tungsten (W) and Electric Vehicles

Electric vehicles (EVs) are becoming increasingly popular as the world moves towards cleaner and more sustainable forms of transportation.

As the demand for EVs continues to grow, so too does the demand for materials used in the production of EV batteries, including #tungsten. One company that is set to benefit from this trend is Almonty Industries Inc , which owns the #SangdongMine in South Korea.

Tungsten, also known as wolfram, is a metallic element that is known for its high density and high melting point. These properties make it an ideal material for use in EV batteries, as it can withstand the high temperatures and pressures that are generated during the charging and discharging of the battery. Additionally, tungsten is a highly conductive material, which makes it an excellent choice for use in the electrodes of EV batteries.

One of the main reasons why tungsten is becoming an essential component in the production of EV batteries is its ability to improve the energy density of the battery. Energy density is a measure of how much energy a battery can store per unit of volume, and a higher energy density means that a battery can store more energy in a smaller space. This is important for EV batteries, as it means that the battery can be made smaller and lighter without sacrificing performance.

The Sangdong Tungsten Mine, which was recently reopened by Almonty Industries, is set to play a crucial role in the production of EV batteries. The mine will offer a stable and affordable supply of high-grade tungsten, with well-established logistical systems, providing a reliable shelter from the tightening supply of tungsten. This ensures a stable and sustainable supply of this essential material for the EV battery manufacturing industry in Korea.

The availability of tungsten from the Sangdong Tungsten Mine is important, as the cost of EV batteries is one of the main barriers to the widespread adoption of Electric Vehicles. By using tungsten from the Sangdong Tungsten Mine, manufacturers can help to reduce the cost of EV batteries without sacrificing performance or safety.

The EV battery manufacturing market is highly competitive, with LG Energy Solution, Samsung SDI, and SK Innovation forming three of the 10 major players from Korea as can be seen from the table above. However, these manufacturers currently rely on Chinese tungsten in their supply chain, which poses a significant risk to their operations. Almonty Industries' Sangdong Tungsten Mine provides a stable and affordable alternative for these companies, allowing them to diversify their supply chains and reduce their dependence on China.

The use of tungsten in EV batteries offers advantages, but there are also challenges. One of the main challenges is that tungsten is a brittle material which is very difficult to source and process without specialist knowledge. Additionally, tungsten is a relatively new material for use in EV batteries and there are only a limited number of manufacturers that can produce EV batteries with tungsten components at this stage in their development.

Despite these challenges, the use of tungsten in EV batteries is becoming increasingly popular as manufacturers continue to explore new ways to improve the performance, safety and cost-effectiveness of EV batteries. As demand for EVs continues to grow, tungsten is likely to play an increasingly important role in the production of EV batteries, with the Sangdong Tungsten Mine providing a reliable source of this essential material for the industry.

In conclusion, as the world moves towards cleaner and more sustainable forms of transportation, tungsten is likely to play a crucial role in the development of EV batteries, and Almonty Industries' Sangdong Tungsten Mine is well-positioned to benefit from this trend. As the technology continues to improve, we can expect to see the use of tungsten in EV batteries increase, and for it to become an even more essential component in the production of electric vehicles.