Mitsui-gold
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Mitsui Global Precious Metals (MGPM) is the brand name under which the Mitsui group conducts its business in the precious metal markets. It is contained within the Commodity Trading and Risk Management division which also oversees Mitsui's activities in the other commodity derivative markets including softs, energy and base metals and it is also Japan's largest manager of commodity funds.
Mitsui's involvement in precious metals dates back to the 1970s when it facilitated customer physical requirements by importing platinum and then gold into Japan. As the market deregulated and the Tokyo Commodity Exchange introduced precious metal futures contracts, Mitsui was there as a founding member and is today, the biggest trader on this exchange.
Simultaneously, the company established trading offices in London, New York and Sydney and Mitsui became one of the first bullion dealers to provide gold loans and hedging facilities to the Australian producer market, and helped pioneer the hedging market.
