Key facts
- Toyota Tsusho plans to invest 1.2 trillion yen ($7.4 billion) by March 2028.
- The company aims to become the world's largest metal scrap recycler.
- Toyota Tsusho acquired U.S.-based Radius Recycling in 2025.
- The strategy involves extracting valuable metals from scrap without mine ownership.
Japanese trading company Toyota Tsusho is targeting global leadership in metal scrap recycling, with plans to invest 1.2 trillion yen ($7.4 billion) by March 2028. The company's strategy focuses on extracting valuable metals from recycled materials without the need for mine ownership. As part of this initiative, Toyota Tsusho acquired U.S.-based Radius Recycling in 2025. Toyota Tsusho Material Inc. operates a "circulating business" by collecting and processing metal scrap from various industries, including vehicles, building materials, and electric appliances, to supply as raw material to manufacturers. The company also handles end-of-life vehicles and electric vehicle battery recycling, aiming to contribute to a sustainable circulating society.