Mitsui & Co., Ltd. (MITSY)
- Reuters
Exclusive-Japan's Mitsui prepares a comeback to precious metals trading, sources say
Japan's Mitsui & Co plans to re-enter global precious metals trading to hedge client risk after a nine-year absence, three sources with knowledge of the matter told Reuters. Mitsui's comeback will bring extra liquidity to the global precious metals derivatives trade, replacing those who left the sector. The company, one of Japan's top trading houses, is also getting back into precious metals in the midst of a blistering rally which has seen gold prices soar almost 30% to hit successive record highs.
- Zacks
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