Masan Seeks Investor for Mining Unit as China Limits Spur Demand

Masan Groupis seeking a strategic investor for its mining unit amid growing global appetite for specialty metals and industrial minerals, according to the company’s executives.

Masan High-Tech Materials, which produces tungsten, fluorspar, and bismuth for industries such as electronics, automotive and aviation, is drawing strong interest from investors and several foreign governments, said Michael Hung Nguyen, deputy CEO of Masan Group.

The unit recorded a 67% jump in profit and revenue growth of 33% in the third quarter, he said. The surge was driven by a record-high tungsten price of over $600 per metric ton after China ...