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Elmet Group to Acquire Stake in Masan High-Tech Materials

September 24, 2026

2 min read

Key Takeaways

Elmet Group acquires 4.99% stake in Masan High-Tech Materials.
Multi-year tungsten supply partnership established for US market.
Partnership valued at $1.5 billion in estimated aggregate gross revenue.
Masan Group remains controlling shareholder with 87.46% ownership.

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Strategic Implications

This partnership may indicate growing collaboration across strategic materials supply chains, suggesting a shift towards secure and stable supplies of critical materials like tungsten. The deal could strengthen Elmet's position in the US market and may set a precedent for similar partnerships in the future.

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What Happened

Strategic Partnership Expands Tungsten Supply for US Market

The Elmet Group has announced a strategic partnership with Masan High-Tech Materials, acquiring a 4.99% stake in the company and establishing a multi-year tungsten supply agreement for the US market. The partnership aims to provide secure and stable supplies of critical materials, with an estimated aggregate gross revenue of $1.5 billion over the initial term. Masan Group will remain the controlling shareholder with approximately 87.46% ownership. This development was reported by an unknown source.

Source | Originally Published: September 24, 2026

Companies Mentioned