TL;DR
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The Northern Miner published a podcast interview with Almonty Industries CEO Lewis Black on challenges in Chinese and Western tungsten markets. Black discussed resource depletion, a price gap he expects to narrow over time, and updates on projects in South Korea, Rwanda and Spain.
The Northern Miner published a podcast interview on October 14 with Almonty Industries CEO Lewis Black, who discussed supply challenges in China and Western markets, price differences and updates on the company’s tungsten projects. The conversation examines a mineral supply chain relevant to industrial users and efforts to develop sources outside China.
In the episode, host Adrian Pocobelli speaks with Black about conditions in the Chinese and Western tungsten markets. According to the episode description, Black says China faces challenges resembling those in Western countries as its tungsten resources become increasingly depleted. The description does not provide production figures, reserve estimates or a timeline for resource depletion.
Black also discusses a price disparity between the markets and says he expects prices to gradually converge. The podcast listing does not specify the current prices, the size of the gap, which market price is higher, or the period over which Black expects convergence. The forecast is his view, not a confirmed market outcome.
The interview includes company updates on Almonty’s Sangdong tungsten project in South Korea, its work with the U.S. government in Rwanda, and operations in Spain. In Spain, the company aims to recover tungsten from more than a century’s worth of mining tailings, according to the episode description. It does not give project schedules, recovery targets or details of the U.S. government’s role.
Supply Options Beyond China
Tungsten is an industrial metal, and the podcast’s focus on Chinese resources and Western supply reflects the importance of where the material can be mined and recovered. If existing resources become harder to develop, new mines and the recovery of material from old tailings could contribute to supply. The episode description, however, does not quantify expected output from Almonty’s projects or establish how much they could affect the broader market.
The price difference Black discusses may also matter to producers and buyers weighing projects across regions. His expectation that prices will move closer together is a market forecast; the published summary offers no pricing data to test it. The company’s projects in South Korea, Rwanda and Spain show the range of activity discussed, but their contribution to supply and timing remain unspecified.
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The Projects in Black’s Interview
The Northern Miner episode is presented as a discussion of both Chinese and Western tungsten markets, rather than a report announcing a new mine approval or a completed supply agreement. Its account identifies Almonty’s Sangdong project in South Korea, the company’s work with the U.S. government in Rwanda, and Spanish operations involving the proposed recovery of tungsten from historic tailings.
The article’s source material provides only a brief description of the interview, not a transcript. It also lists a separate Spotlight conversation with Rim Fayjhi, a director of Women in Mining Canada, about taking part in the 2027 Trailblazer Awards. That segment is distinct from the tungsten-market discussion and does not change the reported project updates.
“China faces surprisingly similar challenges to the West as its own tungsten resources become increasingly depleted.”
— The Northern Miner episode description, summarizing Lewis Black’s comments
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Price Forecasts and Project Timelines
The published description does not include a full transcript or supporting market data. It is unclear how Black measures the price disparity, what factors he expects to drive convergence, or how soon he believes it could happen. No production, reserve or depletion figures are supplied for either Chinese or Western resources.
Project details are also limited. The description does not state the status, schedule or expected output of Sangdong, specify the nature of Almonty’s work with the U.S. government in Rwanda, or provide recovery volumes and timelines for the Spanish tailings. Those points should not be treated as confirmed operational milestones on the basis of the listing alone.
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Listen for Project and Market Details
The interview is available through The Northern Miner Podcast on Apple Podcasts, Spotify, YouTube and SoundCloud, according to the publication. Listeners seeking more detail on Black’s price expectations and project updates can consult the full episode; the supplied episode description does not set out a future date for additional disclosures or milestones.
Further clarity would depend on more detailed statements from Almonty or subsequent project and market updates, including schedules, production expectations and data supporting the price outlook. Until then, the reported developments remain an interview discussion and company update rather than evidence of completed new supply.
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Key Questions
What is the news?
The Northern Miner published a podcast interview with Almonty Industries CEO Lewis Black on October 14, 2026, covering tungsten supply challenges and company projects.
What did Black say about China and Western supply?
The episode description says Black sees China facing challenges similar to those in Western markets as its tungsten resources become increasingly depleted. It provides no figures or depletion timeline.
What is Black’s view on tungsten prices?
Black reportedly expects prices in the two markets to gradually converge. The description does not give current prices, the size of the gap or a forecast period.
Which Almonty projects were discussed?
The interview includes updates on Sangdong in South Korea, Almonty’s work with the U.S. government in Rwanda, and Spanish operations aimed at recovering tungsten from historic mining tailings.
Does the podcast establish when these projects will add supply?
No. The episode description provides no project schedules, output estimates or recovery targets, so the timing and scale of any added supply remain unclear.
Source: rss
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