← The Elmet Group Co. Common Stock overview

The Elmet Group Co. Common Stock vs Sichuan Tianwei Electronic: 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.

Sichuan Tianwei Electronic Co Ltd (688511.CG)

Q3 2026
▼3

Tianwei's core client business restricted, orders cancelled; acquisition terminated

  • Core client business restricted until May 2027, orders cancelled Tianwei's business with its main client (over 93% of revenue) is restricted until May 2027. Some orders worth 6.47 million yuan are cancelled, and 98.19 million yuan of signed orders can't be delivered on time. This threatens a delisting risk warning if revenue falls below 100 million yuan with losses.

    This is the biggest new negative event, directly threatening revenue and listing status.

  • Acquisition of Xiuwei Technology terminated Tianwei planned to buy 60% of Xiuwei Technology for 90 million yuan to expand into military information equipment, but the deal was called off due to changed external conditions. The company says no harm to operations or strategy, but the expected growth boost is gone.

    This removes a previously announced positive growth driver, leaving the company without that expansion.

  • First-half profit plunged 94% on military certificate delay Tianwei's first-half 2026 net profit fell 94.12% to 1.63 million yuan, and revenue dropped 64.85% to 29.53 million yuan. A military qualification certificate under review delayed deliveries and hurt revenue. This confirms weak financial performance.

    The interim report confirms the earnings collapse first warned about in July, a key negative for the stock.

August 2026
▼3

Tianwei's core client business restricted, orders cancelled; acquisition terminated

  • Core client business restricted until May 2027, orders cancelled Tianwei's business with its main client (over 93% of revenue) is restricted until May 2027. Some orders worth 6.47 million yuan are cancelled, and 98.19 million yuan of signed orders can't be delivered on time. This threatens a delisting risk warning if revenue falls below 100 million yuan with losses.

    This is the biggest new negative event, directly threatening revenue and listing status.

  • Acquisition of Xiuwei Technology terminated Tianwei planned to buy 60% of Xiuwei Technology for 90 million yuan to expand into military information equipment, but the deal was called off due to changed external conditions. The company says no harm to operations or strategy, but the expected growth boost is gone.

    This removes a previously announced positive growth driver, leaving the company without that expansion.

  • First-half profit plunged 94% on military certificate delay Tianwei's first-half 2026 net profit fell 94.12% to 1.63 million yuan, and revenue dropped 64.85% to 29.53 million yuan. A military qualification certificate under review delayed deliveries and hurt revenue. This confirms weak financial performance.

    The interim report confirms the earnings collapse first warned about in July, a key negative for the stock.

Latest
▼3

Tianwei's core client business restricted, orders cancelled; acquisition terminated

  • Core client business restricted until May 2027, orders cancelled Tianwei's business with its main client (over 93% of revenue) is restricted until May 2027. Some orders worth 6.47 million yuan are cancelled, and 98.19 million yuan of signed orders can't be delivered on time. This threatens a delisting risk warning if revenue falls below 100 million yuan with losses.

    This is the biggest new negative event, directly threatening revenue and listing status.

  • Acquisition of Xiuwei Technology terminated Tianwei planned to buy 60% of Xiuwei Technology for 90 million yuan to expand into military information equipment, but the deal was called off due to changed external conditions. The company says no harm to operations or strategy, but the expected growth boost is gone.

    This removes a previously announced positive growth driver, leaving the company without that expansion.

  • First-half profit plunged 94% on military certificate delay Tianwei's first-half 2026 net profit fell 94.12% to 1.63 million yuan, and revenue dropped 64.85% to 29.53 million yuan. A military qualification certificate under review delayed deliveries and hurt revenue. This confirms weak financial performance.

    The interim report confirms the earnings collapse first warned about in July, a key negative for the stock.