Part 2/7:
China's decision to impose export controls on tungsten is viewed as a pivotal moment for markets dependent on this metal. With Al Monte Industries holding significant tungsten reserves, Black highlighted how these geopolitical tensions reflect the shifting dynamics within the critical metals market. He underscored that tungsten is not just another metal; it is a declining resource that the West heavily relies on, primarily sourced from a few countries, including China, Russia, and North Korea, which control around 90% of the global output.