Pentagon-Backed Elmet to Buy Stake in Vietnam Tungsten Miner
US manufacturer The Elmet Group Co. will purchase a 4.99% stake in Vietnam’s Masan High-Tech Materials Corp. This deal secures over eight years of tungsten supply, increasing US access to the critical mineral. The acquisition is supported by the Pentagon.
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.
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