CriticalMetals
Commented by Nico Popp on April 15th, 2025 | 10:20 CEST
Tungsten supply remains challenging: Almonty Industries strategically well-positioned
For years, observers have been calling for Europe to develop its own dedicated raw materials strategy. It has been clear for more than a decade that Germany's industry, in particular, needs security of supply. However, instead of securing tangible ownership or at least reliable partnerships, the focus has long been on fair-weather diplomacy and the "principle of hope". With the Critical Raw Materials Act (CRMA), the EU aims to mine at least 10% of its required strategic raw materials domestically by 2030. Furthermore, 40% of this is to be processed within the community. For Lewis Black, CEO of tungsten and molybdenum producer Almonty Industries, these are steps in the right direction. But are they coming too late?
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