Masan High-Tech Materials advances ‘Back to Basics’ strategy to drive profitable growth, long-term value for shareholders

In the global context of supply chain disruptions of critical minerals, MHT is committed to delivering sustainable value to shareholders and partners by strengthening the core foundation that defines its identity and long-term competitiveness: the mining and processing of mineral resources, the Company said in a press release on Tuesday.

2024 witnessed a challenging macroeconomic environment for global businesses, marked by geopolitical tensions, volatile supply chains, reduced global demand, and extreme weather events.

In response, Masan High-Tech Materials chose to adopt a 'Back to Basics' strategy, focusing on what matters most – operational excellence, cost efficiency, and resource optimization.

This 'Back to Basics' strategy delivered robust results in 2024.

The Company reported revenue of VND14,336 billion (US$641 million), up two percent year on year.

Notably, its copper business segment grew significantly, contributing VND1,442 billion ($55.5 million), an increase of nearly VND400 billion ($15.4 million), driven by robust domestic demand.

EBITDA reached approximately VND1,785 billion ($68.7 million), marking a 15-percent increase over 2023 – a clear outcome of MHT's focus on cost control, production optimization, and operational efficiency across its manufacturing assets.

Restructuring to refocus on core business

In a strategic milestone for 2024, MHT successfully divested its entire stake in H.C. Starck Holding GmbH to Mitsubishi Materials Corporation, generating $134.5 million in proceeds and a one-time profit of nearly VND1,000 billion ($38.5 million) in Q4/2024.

This enabled the Company to streamline its portfolio and focus fully on its core business: high-margin metal mining and refining in Vietnam.

MHT also unlocked new revenue potential by applying advanced technologies to extract precious metals from over 100,000 tonnes of sulfide concentrate stockpiles – a cost-effective and strategic move.

Its product portfolio has become more diversified and specialized, including high-purity APT, 4N Bismuth (99.99 percent), Ammonium Metatungstate (AMT), and recycled Molybdenum – all essential inputs for the fast-growing high-tech and renewable energy supply chains.

Innovation and ESG: Drivers of sustainable growth

In 2024, Masan Tungsten Company (MTC) – MHT's advanced tungsten refinery plant – was once again recognized by Vietnam's Ministry of Science and Technology as a 'High-Tech Enterprise' for the 2025-2029 period.

This honor reflects MTC's advanced extraction technologies and high-purity tungsten products of international standards.

On the sustainability front, MHT continued to roll out impactful ESG initiatives in 2024: over 8,000 GJ of energy saved through efficiency initiatives, 76 percent of water reused via internal circulation systems, and 64 hectares of mined land rehabilitated and reforested.

Community programs also made a significant impact, with over $140,000 invested in infrastructure, education, agriculture, and livelihood support, benefiting over 3,500 local people.

Notably, MHT maintained its position as the top corporate taxpayer in Thai Nguyen Province, northern Vietnam, contributing approximately $36 million to the state budget in 2024, reaffirming its role as a responsible, sustainable, and community-driven enterprise.

Global supply chain realignment: An opportunity for Vietnam mining business

As China tightens exports of critical minerals like tungsten, bismuth, and fluorspar, countries around the world are seeking reliable alternative sources.

Masan High-Tech Materials is well-positioned to become a strategic partner for global corporations and industries.

In April 2025, when the U.S. announced new tariffs on imported critical minerals, MHT's entire export portfolio – including tungsten oxide, bismuth, and acidspar – was exempted, which gives the Company a substantial competitive edge in key global markets.

"Since 2024, we have sharpened our focus on operational excellence and financial discipline to maintain strong margins at the mine and processing plant," said Ashley McAleese, CEO of Masan High-Tech Materials.

"In 2025, we'll advance strategic initiatives from resource optimization to innovation-driven growth – building long-term competitive advantages and sustainable value for all stakeholders."

In a world of constant change, where supply chains are being reshaped, Masan High-Tech Materials' decision to double down on its core business is not simply a safe move – it is a strategic step to strengthen foundations and maximize its competitive advantages to seize the next wave of growth.