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Pentagon-Backed Elmet to Buy Stake in Vietnam Tungsten Producer
Source: Bloomberg
Commodities & Raw MaterialsTrade Policy & Supply ChainGeopolitics & WarM&A & Restructuring
US tungsten producer Elmet Group will acquire a 4.99% stake in Vietnam's Masan High-Tech Materials and secure more than eight years of tungsten supply. The deal strengthens US access to a critical mineral and diversifies strategic supply chains, potentially reducing dependence on alternative foreign sources.
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