Pentagon-Backed Elmet to Buy Stake in Vietnam Tungsten Producer
AI Summary
US-based Elmet Group will acquire a 4.99% stake in Vietnam's Masan High-Tech Materials Corp to secure a long-term supply of tungsten. This strategic investment strengthens US access to critical minerals amid global supply concerns.
US tungsten maker The Elmet Group Co. will buy a 4.99% stake in Vietnam’s Masan High-Tech Materials Corp. and secure more than eight years supply of the metal, deepening US access to the critical mineral.
Markets Deals Commodities Elmet Group Masan High-Tech Materials Vietnam tungsten investment critical minerals supply deal US