Japan trading house backs Vietnam tungsten miner that has drawn US investment

Sojitz's stake in Masan unit aims to cut reliance on China for metal used in machine tools, chips Masan High-Tech Materials mines and refines tungsten at a site in northern Vietnam. (Photo by Yuji Nitta) TOKYO/HANOI — Japanese trading house Sojitz will take a 5% stake in Vietnamese tungsten miner Masan High-Tech Materials, diversifying its supply of a critical metal for which China controls roughly 80% of global production.

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