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Almonty Locks in Lifelong Molybdenum Supply Deal with SeAH Group
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Almonty Locks in Lifelong Molybdenum Supply Deal with SeAH Group
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Exclusive offtake agreement with SeAH Group for Sangdong Molybdenum Project
SeAH to purchase entire molybdenum production for life of mine
Hard floor price set at US$19.00 per pound ensuring revenue predictability
Agreement supports South Korea’s domestic supply chain and reduces import reliance
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Almonty Industries (ASX:AII)
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