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Precious metal recyclers rise on report of 1 trillion yen public-private investment for government recycling push
ASAKA RIKEN <5724>, along with other precious metal recycling stocks including ENVIPRO HOLDINGS INC. <5698>, ARE HOLDINGS, INC. <5857>, and MATSUDA SANGYO CO., LTD. <7456>, rose on 21st. The Nikkei reported on 20th that the Japanese government plans to mobilize 1 trillion yen in public-private investment by 2030 to enhance infrastructure and technology for the recycling of critical minerals and plastics. According to the report, this initiative will be a cornerstone of the government's upcoming Circular Economy Action Plan, with details expected to be reflected in the basic policy guidelines scheduled for release this summer. The prospect of large-scale financial support for "urban mining" and resource security has triggered widespread speculative buying across the sector, as investors anticipate a significant expansion in the domestic recycling market.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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