Elmet
Backed by $450M defense deal, US’ Elmet acquires 5% in Vietnam’s tungsten producer MSR
The Elmet Group, the U.S. tungsten producer that secured a $450 million investment from the U.S. Department of War in mid-September, will buy a 4.99 percent stake in Vietnam's Masan High-Tech Materials for $124.75 million, alongside a multi-year supply deal.
