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The Elmet Group to Invest Approximately $125 Million in Masan High-Tech Materials to Strengthen Tungsten Supply Chain
GlobeNewswire Inc.·
The Elmet Group announced a $124.75 million investment to acquire a 4.99% equity stake in Vietnam-based Masan High-Tech Materials Corporation, formalizing a 12-year commercial relationship. The deal includes long-term supply agreements for mined tungsten from the Nui Phao Mine and tungsten conversion services. This investment strengthens the tungsten supply chain and follows a $450 million U.S. Government commitment to support critical materials infrastructure.
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