Elmet Group to Invest $125M in Masan High-Tech to Secure Tungsten Supply

Key Facts

1The Elmet Group will acquire a 4.99% equity stake in Masan High-Tech Materials for $124.75 million.

2The partnership includes long-term supply agreements to strengthen the U.S. tungsten supply chain.

Amid intensifying global efforts to secure strategic resources, Elmet Group has announced a strategic investment to bolster its supply chain resilience. According to reports, the company will acquire a 4.99% equity stake in Vietnam-based Masan High-Tech Materials for $124.75 million. The partnership includes long-term supply agreements specifically designed to strengthen the tungsten supply chain within the United States.

This move aligns with the broader $450 million U.S. government investment objectives in the critical minerals sector. Under the terms of the deal, Elmet will receive a seat on Masan’s Board of Directors and support the firm’s planned uplisting to the Ho Chi Minh Stock Exchange. This partnership marks a shift toward vertical integration for Elmet, enhancing its capabilities across the aerospace, defense, and energy industries.

Regarding stock performance, ELMT closed at $20.58 (close of September 23, 2026), with a daily range between $20.08 and $21.41 per market data. With no immediate sector-specific catalysts in the upcoming economic calendar, investors will be watching for regulatory approvals and the long-term impact of this capital deployment on the company's operational throughput.