This Tungsten CEO Tells You Why It’s Better To Be Lucky Than Smart. Lewis Black, CEO of Almonty
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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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