Mitsubishi Materials Corporation is acquiring a minority stake in Elemental’s US e-waste platform, a deal aimed at expanding electronic scrap collection and processing in the US.
In a Dec. 18 announcement, Mitsubishi Materials said it will invest in Elemental USA E-Waste & ITAD, which operates through Colt Recycling. The company described the move as part of a broader effort to expand resource circulation initiatives outside Japan.
In an interview with E-Scrap News, Elemental framed the deal as a way to match its strengths in upstream collection and processing with Mitsubishi Materials’ downstream smelting capabilities. Hugo Schumann, CEO of EverMetal Capital and US CEO of Elemental Group, said Elemental has used a roll-up approach in its platinum-group metals business and wants to pursue a similar strategy in US e-waste.
