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

Supply ChainTrading house aims to become top scrap metal recycler early next decadeToyota 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.