Material Gains: AI Demand Meets Value in Mitsui MiningMitsui Kinzoku Co., Ltd.TSE_DLY:5706zAngusMitsui Mining and Smelting Co. (5706) has established a dominant uptrend over the last year, recently entering a consolidation phase after an impressive rally. Currently trading around 17,635 JPY, the stock is taking a breather, which makes this an interesting chart to watch for potential continuation if buyers step back in. As a leader in materials science, Mitsui operates across zinc mining and rare earth compounds, but its recent shift toward high-tech materials has captured market attention. Fundamentally, the narrative is evolving beyond traditional mining. The company recently raised its operating income forecast to 78.0 billion JPY, driven largely by surging demand for its "MicroThin" and "VSP" copper foils used in AI servers. Additionally, confirmed investments in mass production facilities for solid-state battery electrolytes (A-SOLiD) position them as a key player in next-gen EV infrastructure. With revenue growth reported at 9.5% and active share repurchases continuing through late 2025, the company is signaling strong confidence in its structural pivot. Technically, the chart confirms significant strength, with a massive +432.62% move over the last 7 or 8 months. The price remains comfortably above the 50-day and 200-day SMAs, signaling that the long-term trend is intact. The recent pullback has reset the RSI to 50.70, a neutral reading that often precedes a new leg up in trending assets. While the MACD shows a bearish crossover, the decreasing volume during this decline suggests profit-taking rather than a trend reversal. Mitsui might be worth a watch. ------------------------------------- About Me: Global TradingView Moderator (English) and full-time trader. I focus on top-performing stocks worldwide, trading momentum and clean trend continuations after pullbacks. I use a trailing stop system customised for each stock to manage risk, lock in gains, and exit when the trend ends. Nothing I post is trading advice. I simply highlight interesting companies from around the world that may be worth a closer look. Please give this idea a BOOST if you found it interesting, and FOLLOW ME to discover more standout stocks and businesses from global markets. -------------------------------------