India, Sept. 14 -- Shares of Elmet Group (ELMT) gained nearly 40% after the company announced a strategic investment of approximately $150 million into the Springer Tungsten Complex in Nevada, aimed at strengthening the U.S. tungsten supply chain.
The stock is currently trading at $22.59, up $6.39 or 39.50%, on the Nasdaq. It opened at $22.35 after closing the previous session at $16.19. The stock has traded between $12.49 and $25.03 over the past 52 weeks.
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