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Updated · Bloomberg · Jun 22Masan Expands Nui Phao Mine, Adding 115 Million Tons of Tungsten Resources
3 articles · Updated · Bloomberg · Jun 22Summary
- Masan High-Tech Materials said the Nui Phao mine and nearby Nui Chiem area expansion could add 115 million tons of tungsten-polymetallic resources.
- The company said the move could extend mining and processing by 20 to 30 years, deepening its long-term production base.
- Masan is using the expansion to court foreign investors and strengthen its role in the global critical minerals supply chain.
- Danny Le said the project also improves Masan’s position as scaled, deeply processed non-China tungsten supply becomes increasingly scarce.
Insights
As the West decouples from China, can Vietnam's mega-mine win the global race for tungsten dominance? Could China reverse its policies, crashing tungsten prices and jeopardizing these billion-dollar non-Chinese mining investments?