Automotive recycling is set to grow over the next five years. European estimates suggest the global car recycling market will reach EUR 221 billion by 2025. This compares with the 2018 market [...]
Coronavirus is severely impacting China’s recycling sector. Currently, twenty-seven major Chinese cities are in lockdown as a result of the virus. The inability to get scrap through to the [...]
Volatile nickel prices reflect the difficult state of the world economy. In early September nickel prices for the year were up more than 75%, but warehouse stocks at the London Metals Exchange [...]
Positive Prospects for the Car recycling industry are emerging around the world. In contrast global production whilst down 1.5%, saw over 70 million cars produced last year. EU statistics reveal [...]
The surge in China’s use of steel scrap has been overstated. The Bureau of International Recycling (BIR) at its recent London convention announced that scrap metal usage in China had increased by [...]
With strong demand for platinum, German technology group Heraeus has made a US$100 million investment in China . The new precious metals refining and recycling plant in China is due to open in [...]
Comments by the President of BIR Non-Ferrous Metals Division suggest that 2018 is a very challenging year for scrap traders. Members of the scrap traders industry gathered in Barcelona in early [...]
Recent hurricanes in the US, and the earthquake in Mexico, were expected to provide a strong supply boost to the scrap metal market. The reality however is quite different, with demand for scrap [...]