← The Elmet Group Co. Common Stock overview

The Elmet Group Co. Common Stock vs NIPPON STEEL: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

The Elmet Group Co. Common Stock (ELMT)

Q3 2026
▲4

Elmet Lands $450M US Backing and Global Tungsten Deals

  • US Government's $450M Bet on Elmet The US Department of War committed $450 million to Elmet to expand domestic tungsten manufacturing, taking preferred equity and warrants for up to 19.9% of shares. This validates Elmet's strategic role, funds growth, and strengthens its balance sheet, pushing the stock up.

    This is the single largest new event and directly boosts ELMT's capital and demand outlook.

  • Up to $2B Defense Stockpile Contract Elmet Technologies won a Defense Logistics Agency contract worth up to $2 billion to supply tungsten ores, concentrates, and sodium tungstate to the US National Defense Stockpile, with $150 million guaranteed through 2031. This locks in long-term government demand and revenue visibility.

    It adds a massive new demand channel and revenue stream for ELMT.

  • Vietnam Supply Deal and 4.99% Stake Elmet will buy a 4.99% stake in Vietnam's Masan High-Tech Materials for $124.75 million and signed multi-year agreements for mined tungsten supply and chemical conversion from the Nui Phao mine. This secures upstream supply, reducing reliance on China and supporting growth.

    It directly addresses supply security and expands ELMT's global footprint.

  • Record Q2 Results and Strong Backlog Elmet reported Q2 revenue up 35.2% to $66.4 million, gross margin expanding to 25%, and a record $131.5 million backlog, up 55% year over year. IPO proceeds of $125.4 million cut debt and boosted cash, showing strong underlying demand.

    It confirms operational momentum and financial health, reinforcing the positive narrative.

September 2026
▲4

Elmet Lands $450M US Backing and Global Tungsten Deals

  • US Government's $450M Bet on Elmet The US Department of War committed $450 million to Elmet to expand domestic tungsten manufacturing, taking preferred equity and warrants for up to 19.9% of shares. This validates Elmet's strategic role, funds growth, and strengthens its balance sheet, pushing the stock up.

    This is the single largest new event and directly boosts ELMT's capital and demand outlook.

  • Up to $2B Defense Stockpile Contract Elmet Technologies won a Defense Logistics Agency contract worth up to $2 billion to supply tungsten ores, concentrates, and sodium tungstate to the US National Defense Stockpile, with $150 million guaranteed through 2031. This locks in long-term government demand and revenue visibility.

    It adds a massive new demand channel and revenue stream for ELMT.

  • Vietnam Supply Deal and 4.99% Stake Elmet will buy a 4.99% stake in Vietnam's Masan High-Tech Materials for $124.75 million and signed multi-year agreements for mined tungsten supply and chemical conversion from the Nui Phao mine. This secures upstream supply, reducing reliance on China and supporting growth.

    It directly addresses supply security and expands ELMT's global footprint.

  • Record Q2 Results and Strong Backlog Elmet reported Q2 revenue up 35.2% to $66.4 million, gross margin expanding to 25%, and a record $131.5 million backlog, up 55% year over year. IPO proceeds of $125.4 million cut debt and boosted cash, showing strong underlying demand.

    It confirms operational momentum and financial health, reinforcing the positive narrative.

Latest
▲4

Elmet Lands $450M US Backing and Global Tungsten Deals

  • US Government's $450M Bet on Elmet The US Department of War committed $450 million to Elmet to expand domestic tungsten manufacturing, taking preferred equity and warrants for up to 19.9% of shares. This validates Elmet's strategic role, funds growth, and strengthens its balance sheet, pushing the stock up.

    This is the single largest new event and directly boosts ELMT's capital and demand outlook.

  • Up to $2B Defense Stockpile Contract Elmet Technologies won a Defense Logistics Agency contract worth up to $2 billion to supply tungsten ores, concentrates, and sodium tungstate to the US National Defense Stockpile, with $150 million guaranteed through 2031. This locks in long-term government demand and revenue visibility.

    It adds a massive new demand channel and revenue stream for ELMT.

  • Vietnam Supply Deal and 4.99% Stake Elmet will buy a 4.99% stake in Vietnam's Masan High-Tech Materials for $124.75 million and signed multi-year agreements for mined tungsten supply and chemical conversion from the Nui Phao mine. This secures upstream supply, reducing reliance on China and supporting growth.

    It directly addresses supply security and expands ELMT's global footprint.

  • Record Q2 Results and Strong Backlog Elmet reported Q2 revenue up 35.2% to $66.4 million, gross margin expanding to 25%, and a record $131.5 million backlog, up 55% year over year. IPO proceeds of $125.4 million cut debt and boosted cash, showing strong underlying demand.

    It confirms operational momentum and financial health, reinforcing the positive narrative.

NIPPON STEEL CORP. (5401.JP)

Q3 2026
▲3▼1

US Steel turnaround lifts profit forecast; Toyota price hike adds domestic boost

  • US Steel drives profit swing and forecast raise Nippon Steel swung to a 7.52 billion yen net profit in April–June, helped by US Steel, and raised its full-year net profit forecast by 70 billion yen to 290 billion yen. US Steel is now the group's top earner, with its operating profit outlook lifted to 180 billion yen or more. This directly boosts expected earnings and supports the share price.

    This is the core new financial event that changes the company's earnings outlook and is the main reason the stock is moving.

  • Toyota agrees to first steel price hike in four years Toyota and Nippon Steel agreed to raise steel prices by about 12,000 yen per ton from October, the first increase in four years. Because Toyota's price deal sets a benchmark for other industries, this signals better domestic pricing power and higher revenue ahead, lifting profit expectations.

    This is a new pricing event that directly improves Nippon Steel's domestic revenue and profitability outlook.

  • Defense Ministry buys former Kure steel site Nippon Steel signed a contract to sell its former Setouchi Works site in Kure, about 140 hectares, to Japan's Defense Ministry for a multi-purpose defense base. The land sale brings in cash and removes an idle asset, strengthening the balance sheet and funding other priorities.

    This is a new asset sale that improves capital efficiency and provides a one-time cash inflow.

  • US tariffs remain a risk to US Steel investment Nippon Steel's chairman called new U.S. tariffs unreasonable and a major blow to global manufacturing, noting they affect the company's over 2 trillion yen investment in US Steel. While the tariffs are not new, they remain a real counterweight that could pressure US Steel's earnings and the overall profit recovery.

    This is the main negative force that could offset the positive US Steel earnings story and is important for a fair picture.

August 2026
▲3▼1

US Steel turnaround lifts profit forecast; Toyota price hike adds domestic boost

  • US Steel drives profit swing and forecast raise Nippon Steel swung to a 7.52 billion yen net profit in April–June, helped by US Steel, and raised its full-year net profit forecast by 70 billion yen to 290 billion yen. US Steel is now the group's top earner, with its operating profit outlook lifted to 180 billion yen or more. This directly boosts expected earnings and supports the share price.

    This is the core new financial event that changes the company's earnings outlook and is the main reason the stock is moving.

  • Toyota agrees to first steel price hike in four years Toyota and Nippon Steel agreed to raise steel prices by about 12,000 yen per ton from October, the first increase in four years. Because Toyota's price deal sets a benchmark for other industries, this signals better domestic pricing power and higher revenue ahead, lifting profit expectations.

    This is a new pricing event that directly improves Nippon Steel's domestic revenue and profitability outlook.

  • Defense Ministry buys former Kure steel site Nippon Steel signed a contract to sell its former Setouchi Works site in Kure, about 140 hectares, to Japan's Defense Ministry for a multi-purpose defense base. The land sale brings in cash and removes an idle asset, strengthening the balance sheet and funding other priorities.

    This is a new asset sale that improves capital efficiency and provides a one-time cash inflow.

  • US tariffs remain a risk to US Steel investment Nippon Steel's chairman called new U.S. tariffs unreasonable and a major blow to global manufacturing, noting they affect the company's over 2 trillion yen investment in US Steel. While the tariffs are not new, they remain a real counterweight that could pressure US Steel's earnings and the overall profit recovery.

    This is the main negative force that could offset the positive US Steel earnings story and is important for a fair picture.

Latest
▲3▼1

US Steel turnaround lifts profit forecast; Toyota price hike adds domestic boost

  • US Steel drives profit swing and forecast raise Nippon Steel swung to a 7.52 billion yen net profit in April–June, helped by US Steel, and raised its full-year net profit forecast by 70 billion yen to 290 billion yen. US Steel is now the group's top earner, with its operating profit outlook lifted to 180 billion yen or more. This directly boosts expected earnings and supports the share price.

    This is the core new financial event that changes the company's earnings outlook and is the main reason the stock is moving.

  • Toyota agrees to first steel price hike in four years Toyota and Nippon Steel agreed to raise steel prices by about 12,000 yen per ton from October, the first increase in four years. Because Toyota's price deal sets a benchmark for other industries, this signals better domestic pricing power and higher revenue ahead, lifting profit expectations.

    This is a new pricing event that directly improves Nippon Steel's domestic revenue and profitability outlook.

  • Defense Ministry buys former Kure steel site Nippon Steel signed a contract to sell its former Setouchi Works site in Kure, about 140 hectares, to Japan's Defense Ministry for a multi-purpose defense base. The land sale brings in cash and removes an idle asset, strengthening the balance sheet and funding other priorities.

    This is a new asset sale that improves capital efficiency and provides a one-time cash inflow.

  • US tariffs remain a risk to US Steel investment Nippon Steel's chairman called new U.S. tariffs unreasonable and a major blow to global manufacturing, noting they affect the company's over 2 trillion yen investment in US Steel. While the tariffs are not new, they remain a real counterweight that could pressure US Steel's earnings and the overall profit recovery.

    This is the main negative force that could offset the positive US Steel earnings story and is important for a fair picture.