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Market Chatter: Itochu, Daikin Industries to Launch JV to Recover Aluminum from Commercial ACs

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Itochu (TYO:8001) partnered with Daikin Industries (TYO:6367) to launch a new joint venture by year-end to recover aluminum and other critical metals from used commercial air conditioners, Nikkei reported Wednesday.

Itochu via Itochu Metals will procure used Daikin commercial air conditioners and dismantle them to recover aluminum and other metals, using specialized scrap processors.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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