# Almonty Industries signs offtake agreement with SeAH Group for Sangdong molybdenum

Almonty Industries entered into an exclusive offtake agreement with SeAH M&S to supply 100% of the molybdenum production from its Sangdong Molybdenum Project in South Korea for the life of mine, with a floor price of US$19.00/lb.

- Type: Contract
- Announced: 2025-01-29
- Where: Sangdong, South Korea, South Korea
- Status: announced
- Capacity: 5600 tons of molybdenum annually
- Products: molybdenum
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Almonty Industries](https://endata.com/companies/47482.md)
- [SeAH M&S](https://endata.com/companies/82643.md) (customer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20250129315431/en/Almonty-Industries-Has-Entered-Into-an-Offtake-Agreement-with-SeAH-Group-the-Korean-Steel-Giant-and-SpaceX-Contractor-to-Supply-SeAH-with-the-Entire-Production-of-Molybdenum-from-Almontys-Sangdong-Molybdenum-Project-for-the-Life-of-Mine), 2025-01-29: "SeAH has agreed to purchase 100% of the material produced from Almonty’s Sangdong Molybdenum Project for life of mine."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.