$ELMT

The U.S. and China failed to reach a rare earth supply deal during Xi Jinping's visit, leaving the West to secure supplies. Rare earth exports from China to the U.S. declined, with prices showing mixed trends. Elmet Group and Almonty Industries are expanding tungsten production. Glencore will partner with the U.S. strategic minerals reserve. Eramet plans to expand lithium production in Argentina. Processing capacity is also increasing, with Korea Zinc planning a U.S. smelter.

Elmet Technologies won a $36M DLA contract to supply molybdenum and tungsten alloys for aerospace applications. The contract includes TZM alloy billets, bar stock, ingots, and specialized wire. This follows a $2B DLA tungsten stockpile contract and a $450M DoW investment. Elmet aims to strengthen its domestic tungsten supply chain.

Elmet Group updated its corporate presentation, outlining a $450M investment from the Department of War to expand U.S. tungsten capacity. The deal includes $200M at close and warrants for up to 19.9% common stock. Additionally, the company's General Counsel, Christian T. Chandler, will retire on Dec. 31, 2026, and serve as an advisor afterward. According to the company, the investment will support a $165M+ capex plan to expand tungsten powder capacity and upgrade facilities.

The Elmet Group Co. announced a $450M investment from the Department of War and published an updated corporate presentation. Christian T. Chandler, Executive Vice President, will retire at the end of 2026. The company outlined risks and uncertainties related to its business and the investment.

Elmet Group bought a 4.99% stake in Masan High-Tech Materials (MSR) for $124.76 million, at 6% above MSR's previous closing price. The deal is part of MSR's ownership restructuring for a potential listing on the Ho Chi Minh Stock Exchange. Elmet and MSR plan long-term commercial cooperation.

Elmet Technologies (ELMT) secured a $36M contract with the U.S. Defense Logistics Agency for molybdenum and tungsten products. This follows a $2B IDIQ contract announced earlier. The company's stock rose over 11% on the news.

Elmet Technologies, a division of The Elmet Group Co (ELMT), secured a $36M contract from the Defense Logistics Agency for high-performance alloys and precision wire. ELMT's P/S ratio is 4.94x, above historical and industry medians, reflecting growth expectations. The company has a GF Score of 24/100, indicating below-average fundamentals but strong financial strength. Insiders have bought $0.2M in shares over the past year.

Elmet Technologies, a subsidiary of The Elmet Group Co. (ELMT), secured a $36M contract from the Defense Logistics Agency to supply molybdenum and tungsten alloys for jet engine components. This follows a $2B DLA contract announced earlier, reinforcing ELMT's role as a domestic supplier of critical aerospace materials.

The U.S. Defense Department is investing $450 million in Elmet Group to secure tungsten supply for defense applications, avoiding Chinese, Russian, Iranian, and North Korean sources. Elmet, the only U.S.-owned tungsten producer, will use funds to expand mining and refining operations, aiming to restart mining in Nevada and upgrade facilities in Maine, Michigan, and Ohio. Tungsten is critical for military weapons and industrial uses, with China controlling 85% of global supply.

Elmet Group acquired a 4.99% stake in Vietnam's Masan High-Tech Materials (MSR) for $124.75 million, securing exclusive bismuth supply negotiation rights. MSR's revenue grew 19% to $2.2 billion in 2026, with MSR's revenue up over five-fold to $808 million. Bismuth is a restricted minor metal used in various industries.