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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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According to its 2025 annual report, Masan High-Tech Materials (MSR) management said the global tungsten market is changing as China tightens mineral exports, highlighting the role of replacement suppliers. The company’s board noted that, alongside positive commodity market dynamics and a restructuring of global supply chains, these shifts create opportunities for producers outside China. MSR, described as one of the largest tungsten producers outside China, is positioned to benefit from the transition.
Supply constraints in major markets including Europe and North America have pushed tungsten prices higher. The APT price (CIF Rotterdam) increased 161%, rising from USD 330/MTU at the end of 2024 to USD 862/MTU by the end of 2025. The report also cited continued upward momentum, with the Fastmarkets benchmark price reaching a record USD 2,800/MTU at the time of publication.
MSR said that if the USD 2,800/MTU price level is sustained, business results could reach a record high. Under its plans, net revenue for 2026 is expected to increase by 115% to 173%, while after-tax profit is projected to rise significantly.
To support these targets, MSR outlined several operational and strategic priorities:
Separately, Masan Group (MSN) announced a resolution approving the transfer of up to 5% of MSR’s outstanding shares to meet public float requirements under applicable law.
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