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Elmet Group to acquire 4.99% stake in Masan
Sep 24, 2026
PortlandManufacturingMiningPrecious Metals
Description
The Elmet Group Co. has announced the acquisition of a 4.99% equity stake in Masan High-Tech Materials for approximately $124.75 million. This acquisition formalizes a 12-year relationship and includes long-term supply agreements for tungsten supply and conversion services. The partnership aims to enhance the efficiency of the tungsten supply chain and expand opportunities in new product development.
Company Information
Company
Elmet Group
Location
Portland, Maine, United States
About
Elmet Group is a company specializing in tungsten and related materials. They focus on rebuilding the national defense stockpile and strengthening the tungsten supply chain in the U.S. The company is committed to high-quality production and expanding their capabilities. Elmet's initiatives are crucial for enhancing domestic manufacturing and reducing reliance on foreign sources.