Using copper concentrate from environmentally friendly copper mines and leveraging the competitive edge of the Mitsubishi Continuous Copper Smelting and Converting Process, we operate a recycling business that boasts world-leading processing capacity, thus ensuring the steady supply of cleaner non-ferrous metal materials to society. While copper and precious metals grow more important reflecting various shifts such as EVs, IT, and decarbonized society, we fulfill our responsibility to supply materials with environmental considerations, thus contributing to the development of society and realization of a sustainable society.
Tungsten, the main raw material used in cemented carbide tools, is a rare metal whose stable supply is important in terms of policy. Tungsten ore mines are unevenly distributed in some countries and regions, and there are risks of sharply rising prices and availability issues due to instability in international relations. We will actively promote the recycling of used cemented carbide tools and continue to ensure the stable supply of tungsten in the future.
| FY2019 result | FY2020 result | FY2021 result | FY2022 result | FY2023 result | FY2024 target | |
|---|---|---|---|---|---|---|
| Ratio of recycled tungsten as raw material | 18.1% | 28.3% | 41.8% | 43.5% | 50.0% | 52.0% |