Mitsui to expand LNG, iron ore assets despite signs of slowing economies [Reuters]
MITSUI & CO LTD ADR (MITSY)
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Source: Reuters
Mitsui to expand LNG, iron ore assets despite signs of slowing economies - Reuters 4 Min Read TOKYO (Reuters) - Japanese trading house Mitsui & Co plans to expand its liquefied natural gas (LNG) and iron ore assets to meet growing demand in Asia despite signs of a slowing global economy amid a prolonged U.S.-China trade row, its senior executive said. “Energy and natural resources are our core growth driver and we will keep strengthening this area,” Yukio Takebe, Mitsui’s executive vice president, told Reuters in an interview on Tuesday. Mitsui, which trades everything from corn to tankers, sees weakening demand in China in some areas such as automobile parts, but the protracted U.S.-Sino trade war and rising tensions in the Middle East will not slow its investments in LNG and iron ore, Takebe said. “Asian economies will continue to grow for sure. The U.S.-China trade dispute will not stop that,” he said. “We won’t hesitate to invest just because of what’s happening right in front of
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