Soaring tungsten prices add impetus to Vietnam mine sale effort
Geopolitics · Mining.com ·
Masan High-Tech Materials is seeking strategic investors for its Nui Phao tungsten mine in northern Vietnam, capitalizing on surging prices driven by global defense spending. The company plans a Ho Chi Minh City Stock Exchange listing by early 2027 and has attracted interest from Japanese, Australian, European and American investors seeking supply security. Vietnam ranks as the world's second-largest tungsten producer after China, which recently tightened export controls.