Elmet Group Acquires Stake in Masan High-Tech, Signs Long-Term Tungsten Supply Deal

Key Facts

1The Elmet Group will acquire a 4.99% stake in Masan High-Tech Materials, valuing the company at $2.5 billion.

2The partnership includes an 8-year tungsten supply agreement with Elmet committing to purchase 1,250 tons annually.

The Elmet Group will acquire a 4.99% stake in Masan High-Tech Materials, valuing the company at $2.5 billion. BusinessWire reported that the partnership includes an 8-year tungsten supply agreement with Elmet committing to purchase 1,250 tons annually.

The acquisition aims to secure a stable supply of strategic minerals for North American markets, specifically targeting the semiconductor, aerospace, and energy sectors. ELMT closed at $19.73 on September 24, 2026, having traded between a low of $19.14 and a high of $20.41 during that session.