This Tungsten CEO Tells You Why It’s Better To Be Lucky Than Smart. Lewis Black, CEO of Almonty
Guest:
Lewis Black, Director, President, and Chief Executive Officer of Almonty Industries (Ticker: OTCMKTS: ALMTF)
Website:
https://almonty.com/
Bio:
Lewis Black was born in London and educated in traditional British private schools. He earned a BA in management and Technology from Manchester University and took a job at a global insurance company upon graduation. He found the industry stifling and left after a year to move to Australia where he took a job in a clothing factory. When a friend asked him to help run a tungsten mine in Thailand, Black jumped at the opportunity. He eventually led sales and marketing for SC Mining Tungsten in Thailand and served as chairman and CEO of Primary Metals Inc. Black founded Almonty Industries in 2011 as a Canadian corporation but recently began the process of moving Almonty’s incorporation to the US, specifically the state of Delaware.
Black has overseen Almonty’s Growth to the world’s largest tungsten mining company outside of China, which controls 80% of global tungsten supply. When China banned exports of tungsten to the U.S. recently, Black was quoted in world media saying his U.S buyers were “shocked” because China’s move directly threatens American industry and national defense.
Almonty offers a solution: its Sangdong Tungsten Mine in South Korea, the world’s largest, will begin producing 2,500 tons annually by April, doubling to 5,000 by 2026. Black can break down what China’s tungsten export ban means for the U.S. Economy and national Security.
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