business

Masan High-Tech Materials Announces Expansion of Tungsten Mine in Vietnam

22 Haziran 2026Bloomberg

Masan High-Tech Materials is set to expand its Nui Phao mine and the Nui Chiem area, with the potential to add 115 million tons of tungsten-polymetallic resources. This move aims to attract foreign investment and strengthen the company's position in the global critical minerals supply chain.
The expansion reflects a growing interest in critical minerals, essential for various industries.
The global shift towards renewable energy and advanced technologies has heightened the demand for critical minerals like tungsten. Countries are increasingly looking to secure these resources to ensure their technological and industrial competitiveness.
Masan's strategic decision to expand its tungsten mining operations comes at a time when the demand for critical minerals is surging globally. By enhancing its resource base, the company not only positions itself favorably in the market but also aligns with international trends towards securing sustainable supply ch…

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This article is for informational purposes only and does not constitute investment advice.