As governments scramble to secure critical minerals and defense budgets expand worldwide, tungsten has quietly become one of the most strategic metals on the planet.
In this in-depth conversation, Lewis Black, CEO of Almonty Industries (NASDAQ:ALM; TSX:AII), shares the full story behind the redevelopment of the historic Sangdong Mine in South Korea — once the world’s largest tungsten mine — and now positioned to become a cornerstone of non-Chinese supply.
This article is being disseminated on behalf of Almonty Industries Inc. a third-party issuer and is intended for informational purposes only.
Rather than chasing headlines, Almonty spent years assembling a meaningful Western tungsten platform — with operating assets in Portugal, expansion in South Korea, and development plans in the United States. Now, with tungsten prices transitioning from decades of managed pricing into a freer market dynamic, the timing is proving critical.
In this interview, we cover:
- Why tungsten has moved from “obscure industrial metal” to geopolitical pressure point
- The strategic importance of Sangdong’s reopening
- What commercial production and commissioning mean for 2026
- Why Almonty chose to list on NASDAQ
- Montana development plans and North American expansion
- The company’s long-term cost discipline philosophy
- How Western supply chains are reshaping capital flows
- Retail shareholder engagement — including a behind-the-scenes Korea site visit initiative
With commercial production underway and formal completion ceremonies scheduled, this marks a defining chapter for one of the only meaningful non-Chinese tungsten platforms in operation.
If you want to understand where hard assets intersect with geopolitical reality – this is one to watch.
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