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

Toyota Tsusho acquired U.S.-based Radius Recycling in 2025.

(Photo by Kosuke Okamoto)KOSUKE OKAMOTOJuly 23, 2026 06:08 JSTTOKYO -- 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.

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.

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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