Global Push for Recycled Metals Tightens Scrap Trade
The global drive to boost recycled aluminium and copper production has raised concerns among traders and industry professionals about potential constraints on non-ferrous scrap exports in the near future. This topic was a focal point at the Bureau of International Recycling (BIR) Non-Ferrous Division meeting held in Singapore on October 28-29, 2024, where industry leaders discussed the opportunities and hurdles in the expanding global pursuit of recycled metals.
During the BIR World Recycling Convention, speakers outlined ambitious plans to expand melt shop capacity, particularly in Asia and North America, sparking a robust debate over the future supply of scrap available for export.