The investment allows Elmet to lock in long-term access to Masan's mining operations to stabilize its resource pipeline. The deal targets the procurement of tungsten, which is classified as a critical mineral for the United States.
Wednesday, October 21, 2026
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Elmet Buys 4.99% Masan Stake to Secure Tungsten
Business27 days ago
A new agreement for mineral deliveries from Vietnam will provide a US producer with more than 8 years of the metal. Elmet, a tungsten maker, is purchasing a 4.99% interest in Masan to ensure a stable supply chain for the material and deepen US access to the critical mineral.
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