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. Follow Paul Harris on X: @PaulHarrisGold (https://x.com/paulharrisgold) Follow Kitco Mining on X: @KitcoMining (https://x.com/kitcomining) 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 __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.