Masan High-Tech Materials partners with Elmet Group in long-term tungsten agreement
Masan High-Tech Materials has entered a strategic partnership with The Elmet Group (NASDAQ:ELMT), including an equity investment of 4.99% at an implied valuation of US$2.5 billion for Masan Specialty Resources (MSR). As part of the deal, MSR will supply approximately 1,250 tonnes per year of tungsten trioxide equivalent over a period exceeding eight years. The partnership is expected to generate around US$1.5 billion in gross revenue at current prices. Masan Group remains the controlling shareholder with an ownership stake of about 87.46% after this transaction. This collaboration aims to enhance MSR's access to U.S.-based supply chains for strategic materials, particularly those used in semiconductors, aerospace, and energy sectors.
Tickers: $MSR
Topics: aerospace investment partnership semiconductors tungsten supply