Sojitz Acquires 5% Stake in Masan Tungsten

Japan's Sojitz Corp signed a memorandum of understanding on Nov 9 to acquire a 5% stake in Vietnamese tungsten producer Masan High-Tech Materials from Masan Horizon. The deal values the stake at roughly US$125 million, based on a prior Elmet Group investment, with definitive agreements targeted by year-end for use in semiconductors and AI infrastructure.