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Japan's Toyota Tsusho seeks to strike gold with rare metal recycling

Nikkei Asia · last updated
Supply Chain

Japan’s Toyota Tsusho seeks to strike gold with rare metal recycling

Trading house aims to become top scrap metal recycler early next decade

Toyota Tsusho acquired U.S.-based Radius Recycling in 2025. (Photo by Kosuke Okamoto)

TOKYO — Japanese trading company Toyota Tsusho intends to become the world’s largest recycler of metal scrap, spending 1.2 trillion yen ($7.4 billion) through March 2028 to extract valuable metals without owning a mine.

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