# Masan High-Tech Materials business expansion

> Developing situation record from CLSTR: https://clstr.news/situations/masan-high-tech-materials-business-expansion
> Updated: 2026-11-09T07:56:11.000Z. Sources: 3. Developments: 2.

Masan High-Tech Materials (MSR) has experienced significant financial growth, with its stock price increasing 148% since the start of 2026. This surge is driven by rising global tungsten prices and the company’s role in providing approximately 21% of the world’s tungsten supply outside of China. For the first eight months of the year, MSR reported a 5.1-fold increase in net revenue compared to the previous year.

The company is currently diversifying its shareholder structure and preparing for a planned listing on the Ho Chi Minh City Stock Exchange (HoSE) in 2027. Following a strategic investment by the US-based Elmet Group in October 2026, Japanese conglomerate Sojitz signed a memorandum of understanding to acquire a 5% stake in MSR. This partnership aims to integrate Vietnamese tungsten and fluorspar into Japanese supply chains for industries such as semiconductors, aerospace, and artificial intelligence.

## Timeline

### 2026-11-09: Sojitz plans to acquire 5% stake in Masan High-Tech Materials

Japan’s Sojitz plans to buy a 5% stake in Masan High-Tech Materials to distribute tungsten and fluorspar in Japan, targeting semiconductor and AI supply chains.

3 sources. https://clstr.news/cluster/sojitz-plans-to-acquire-5-stake-in-masan-high-tech-materials

### 2026-10-11: Masan High-Tech Materials stock hits record highs amid tungsten growth

Masan High-Tech Materials (MSR) stock has hit record highs driven by rising tungsten prices, significant revenue growth, and a proposed 60% dividend for 2026.

3 sources. https://clstr.news/cluster/masan-high-tech-materials-stock-hits-record-highs-amid-tungsten-growth

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Cite as: Masan High-Tech Materials business expansion. CLSTR, https://clstr.news/situations/masan-high-tech-materials-business-expansion