JX Nippon Mining & Metals expands recycling raw materials gathering from Southeast Asian countries to reduce transport cost. The firm recovers metals from recycling materials with 70% materials from domestic market and 30% from offshore countries. However, Europe and USA represent near 70% of the offshore materials. The firm tries to increase the neighbor source to reduce the transport cost by utilizing newly started Taiwanese recycling site.
The executive officer Shigeru Oi said the firm tries to reduce materials from Europe and USA with higher transport cost. He said the firm tries to increase the weight of materials from Southeast Asia from current 30% of offshore materials. The firm expects the firm can increase the gathering of recycling materials from Southeast Asian transplants of Japanese electronics companies. The firm tries to secure waste electronics substrate containing precious metals and rare metals in the growing countries. The firm utilizes Nikko Metals Taiwan, in which JX Nippon Mining & Metals has around 84% interest, as the recycling materials gathering base from Southeast Asia. The Taiwanese subsidiary started new recycling yard earlier the year. JX Nippon Mining & Metals Nikko gathers and treats precious metal scrap and waste electronics substrate in Japan through Environmental Service in Ibaraki, Nikko Mikkaichi Recycle in Toyama, Nikko Tsuruga Recycle in Fukui and Tomakomai Chemical in Hokkaido. With the materials, JX Nippon Mining & Metals’ HMC plant in Ibaraki recovers 16 metals including copper, zinc, lead, precious metals and rare metals.M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
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