Elmet Group to acquire stake in Masan High-Tech Materials

Masan High-Tech Materials (MSR) has entered into a strategic partnership with US-based Elmet Group Co., a supplier of tungsten alloys and strategic minerals. Elmet will acquire a 4.99% stake in MSR from a subsidiary of Masan Group, valuing MSR’s equity at approximately $2.5 billion. Following the transaction, Masan Group is expected to remain the controlling shareholder with an ownership stake of roughly 87.46%.

In addition to the equity investment, the companies have signed long-term commercial agreements. MSR is committed to supplying approximately 1,250 tons of tungsten trioxide (WO3) equivalent annually to Elmet. These agreements are projected to generate an estimated $1.5 billion in total gross revenue for MSR over the initial term of the cooperation, which is expected to last more than eight years.

The deal aims to strengthen supply chain security for critical materials used in aerospace, defense, and semiconductor industries. The parties target completing the transaction in the first half of October 2026, subject to regulatory and corporate approvals.