In our continued coverage of the chip shortage and actions being taken around the globe, this episode looks at the raw materials market, and how different aspects of it are impacting the semiconductor supply chain. Françoise speaks with Lewis Black, CEO of Almonty Industries, an international raw materials development company that mines tungsten – which is integral material in semiconductor chips and electronics. Tungsten gas used to create a nanolayer coating on the inner workings of semiconductor chips to make them dissipate heat better and run more efficiently.
The conversation covers a lot of ground – how the shift to electric vehicles is increasing the need for semiconductor devices and how that impacts raw materials supply; the impact of the pandemic and the geopolitical situation; the US push to onshoring that is driving US domestic manufacturers to seek alternative choices to China and Russia for tungsten; as well as the importance of environmental social governance driving companies to more ethically sourced raw materials supplies. We also talk about the $52 billion expected to be dispersed once Congress passes the Chips for America Act.
About Lewis Black:
Lewis Black is CEO of Almonty Industries, a leading global company involved in the mining, processing, and shipping of tungsten concentrate, and has over 15 years of experience in the tungsten mining industry. From June 2005 to December 2007, he was Chairman and CEO of Primary Metals Inc. (“PMI”), a former TSX-V-listed tungsten mining company. Black also formerly served as head of sales and marketing for SC Mining Tungsten, Thailand. In addition, Black is well-versed in the global rare earths market, the current supply chain for those rare earths, and what’s to come in diversifying the supply chain as demand continues to increase. Connect with Lewis Black on LinkedIn. Learn more about Almonty.