Você está enganado. Nenhum qualquer vulcão serviria, nem o dragão-dragão poderia destruir o Um Anel. O Monte da Perdição teve um significado mágico, já que o Anel foi forjado lá.
‘Your small fire, of course would not melt even ordinary gold. This Ring has already passed through it unscathed, and even unheated. But there is no smith's forge in this Shire that could change it at all. Not even the anvils and furnaces of the Dwarves could do that. It has been said that dragon-fire could melt and consume the Rings of Power, but there is not now any dragon left on earth in which the old fire is hot enough; nor was there ever any dragon, not even Ancalagon the Black, who could have harmed the One Ring, the Ruling Ring, for that was made by Sauron himself.
There is only one way: to find the Cracks of Doom in the depths of Orodruin, the Fire-mountain, and cast the Ring in there, if you really wish to destroy it, to put it beyond the grasp of the Enemy for ever.’
SdA, sombras do passado
Eu também contestaria a idéia de que os Anões já mergulharam em magma. Não há indicação de que eu saiba que eles fizeram isso. Gandalf caiu em Moria, que era o maior e mais antigo mergulho dos Anões, e Gandalf caiu mais do que os Anões haviam cavado, e ele não o denunciou.
Não temos motivos para acreditar que as outras habitações anãs conhecidas no Ocidente, nas Colinas de Ferro e nas Montanhas Azuis, tivessem maior probabilidade de ter magma debaixo delas em qualquer profundidade atingível.‘Name him not! ’ said Gandalf, and for a moment it seemed that a cloud of pain passed over his face, and he sat silent, looking old as death. ‘Long time I fell,’ he said at last, slowly, as if thinking back with difficulty. ‘Long I fell, and he fell with me. His fire was about me. I was burned. Then we plunged into the deep water and all was dark. Cold it was as the tide of death: almost it froze my heart.’
‘Deep is the abyss that is spanned by Durin's Bridge, and none has measured it,’ said Gimli.
‘Yet it has a bottom, beyond light and knowledge,’ said Gandalf. ‘Thither I came at last, to the uttermost foundations of stone. He was with me still. His fire was quenched, but now he was a thing of slime, stronger than a strangling snake.
‘We fought far under the living earth, where time is not counted. Ever he clutched me, and ever I hewed him, till at last he fled into dark tunnels. They were not made by Durin's folk, Gimli son of Gloin. Far, far below the deepest delving of the Dwarves, the world is gnawed by nameless things. Even Sauron knows them not. They are older than he. (LotR, The White Rider)
Além disso, não há outros vulcões conhecidos na Terra Média; eles teriam que descobri-los. Quaisquer que fossem os vulcões, eram quase certamente no sul e no leste, reinos também governados por Sauron.