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The Northern Miner’s Oct. 14 podcast features Almonty Industries CEO Lewis Black discussing tungsten supply conditions in China and Western markets. Black says China is facing resource depletion challenges similar to those in the West and expects prices in the two markets to gradually converge; the report does not provide price data or a timetable.
The Northern Miner published a podcast interview on Oct. 14 with Almonty Industries CEO Lewis Black, who discussed tungsten supply challenges in China and Western markets, differences in regional prices, and updates on the company’s mining and recovery projects. Black said China is contending with resource depletion challenges that resemble those in the West, while offering his view that prices in the two markets will gradually converge.
In conversation with host Adrian Pocobelli, Black discussed the state of the global tungsten market, including conditions in China and Western countries. The episode’s published description says he characterized China’s resource challenges as unexpectedly similar to those facing Western supply, as Chinese resources become increasingly depleted. That account is a summary of Black’s discussion; the report does not provide independent reserve estimates or production figures.
Black also addressed a price disparity between markets and said he expects it to narrow gradually. The podcast listing gives no current prices, size of the gap, market benchmark, or forecast period, so the expectation cannot be measured against figures in the source material. It is presented as Black’s outlook rather than a confirmed market outcome.
The interview included updates on Almonty’s Sangdong tungsten project in South Korea, the company’s work with the U.S. government in Rwanda, and its Spanish operations. In Spain, Almonty aims to recover tungsten from mining tailings accumulated over more than a century, according to the episode description. The listing does not specify project schedules, output targets, government arrangements, or the status of individual development milestones.
How Supply Could Shift Across Markets
Tungsten is an industrial mineral, and supply conditions in major producing regions can affect manufacturers and other users that depend on the material. The interview matters because it brings together a discussion of Chinese resource depletion, constraints in Western markets, and the possibility that regional prices could move closer together. Those issues may be relevant to companies evaluating sourcing options, but the podcast description does not quantify the scale of any shortage or its effects on buyers.
Almonty’s project updates also point to potential sources of supply beyond the market conditions Black described in China. The company is developing or operating projects in South Korea, Rwanda and Spain, though the source does not establish how much material these activities could contribute or when. The projects’ eventual contribution will depend on details not supplied in the listing, including timing, production and operational progress.
For readers, the distinction between an industry executive’s assessment and verified supply data is important. Black’s prediction of gradual price convergence is a forward-looking view, not evidence that convergence has occurred or that it is certain. The report gives no independent price series or analysis with which to test that expectation.
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The Episode’s Market And Project Scope
The episode is part of The Northern Miner Podcast, hosted by Adrian Pocobelli. Its Oct. 14 description identifies Black as Almonty’s founder, president and CEO and frames the conversation around tungsten supply in China and Western markets. The source material is a podcast listing rather than a detailed transcript, so it summarizes the subjects discussed without providing a full account of each exchange.
Alongside the market discussion, the episode covers the company’s project activities: Sangdong in South Korea, work with the U.S. government in Rwanda, and Spanish operations focused on recovering tungsten from historical mining tailings. The listing does not state that these projects have reached any particular construction, production or permitting milestone. It describes the Spanish effort as an aim to recover material from tailings representing more than a century of mining.
The podcast also includes a separate “Spotlight” segment featuring Rim Fayjhi, identified as a director of Women in Mining Canada. Fayjhi discusses participation in the 2027 Women in Mining Canada Trailblazer Awards. That segment is separate from the tungsten-market interview and does not change the scope of Black’s comments.
“He expects prices to gradually converge.”
— Lewis Black, as summarized in The Northern Miner’s episode description
Price Data And Project Timelines Missing
The published episode description does not include a transcript, detailed market statistics or the underlying evidence for Black’s assessment of resource depletion in China and the West. It is therefore unclear how he defines the supply challenges, which resources or regions he is comparing, and how those conditions translate into available market supply.
The price disparity is not quantified, and no baseline, price series or timeframe is provided for Black’s expectation of gradual convergence. The listing also gives no production forecasts or milestone dates for Sangdong, the Rwanda work or Spanish tailings recovery. The exact scope and status of the U.S. government-related work are not described.
These gaps mean the source supports reporting what the episode covers and what Black is reported to expect, but not a conclusion that prices are already converging or that the projects will resolve supply constraints. Further detail would be needed to assess those outcomes.
Further Project And Market Updates
The immediate development is the podcast’s publication on Oct. 14, 2026. Readers seeking the full discussion can use The Northern Miner’s listed podcast channels, including Apple Podcasts, Spotify, YouTube and SoundCloud. The available source does not announce a follow-up interview or a specific date for further project news.
Further updates from Almonty could clarify the status and schedules of the Sangdong project, Rwanda work and Spanish tailings recovery, as well as any production expectations. Market data showing regional tungsten prices over time would be needed to track whether the disparity Black discussed narrows. Until those details are published, the company’s project progress and the price outlook remain matters to watch rather than established outcomes.
Key Questions
What is the news about?
The Northern Miner published a podcast interview with Almonty CEO Lewis Black on Oct. 14, 2026. He discussed tungsten supply conditions in China and Western markets, price differences and Almonty’s projects.
What did Black say about tungsten supply in China?
The episode description says Black sees China facing challenges similar to those in the West as its tungsten resources become increasingly depleted. The listing does not provide resource estimates or production figures to quantify the claim.
Did the podcast provide evidence that tungsten prices are converging?
No price data or time series appears in the source material. It reports Black’s expectation that prices in different markets will gradually converge, but does not establish that convergence has begun or give a timetable.
Which Almonty projects did the episode discuss?
The episode description mentions Sangdong in South Korea, Almonty’s work with the U.S. government in Rwanda, and Spanish operations aimed at recovering tungsten from historical mining tailings.
What remains unknown about the projects?
The listing does not give project schedules, production targets, recovery volumes or detailed status information. It also does not explain the scope of the Rwanda work or provide milestones for the South Korean and Spanish activities.
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