Mitsubishi Materials Acquires Minority Stake in Elemental USA E-Waste
Mitsubishi Materials Corporation has announced its decision to acquire a minority stake in Elemental USA E-Waste & ITAD, Inc., an E-Waste recycling business in the United States currently owned by Elemental Holding SA. The transaction involves a share subscription agreement, under which Mitsubishi Materials will obtain a portion of Elemental USA E-Waste's shares. This investment aligns with Mitsubishi Materials' medium-term management strategy to expand its global resource circulation business, particularly in E-Scrap collection and secondary smelting operations. The partnership is expected to strengthen Mitsubishi Materials' recycling platform in the U.S. and enhance collaboration with established recyclers such as Colt Recycling and Exurban Limited. The financial impact of the transaction on Mitsubishi Materials' consolidated results for the fiscal year ending March 2026 is anticipated to be immaterial.
