Geopolitical Earthquake: China's Tungsten Export Ban Shakes Global Markets – Lewis Black

Why is NATO concerned about a single metal? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Almonty Industries CEO Lewis Black, who discusses the increasing importance of tungsten as a critical mineral.

Key Points:
Tungsten's Critical Role: Used in nearly every sector from technology to defense.
Supply Concentration: Approximately 90% of the world's tungsten supply is controlled by China, Russia, and North Korea.
Almonty's Production: Almonty is set to open the world's largest tungsten mine in South Korea, aiming to supply a significant portion of Western demand.
Strategic Shift: Almonty is moving its domicile to the U.S. to better align with its customer base and opportunities in the American market.

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00:00 Introduction: The Importance and Uses of Tungsten
02:32 Geopolitical Implications of Tungsten Supply
04:06 China's Market Strategy and Its Impact
07:00 Almonte Industries' Production Plans
10:15 Challenges and Future Prospects
15:57 Relocating Almonte Industries to the U.S.

#criticalminerals #Tungsten #mining
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