With primary aluminium supply under pressure and tight inventories globally, scrap aluminium is increasingly viewed as a strategic material to meet demand for secondary metal in manufacturing and recycling.
👉 Source: Reuters

Summary :

Europe has set a target for recycling to meet 25% of the region’s critical minerals demand by 2030.

Aluminium is already there. The metal is infinitely recyclable and remelting it requires only five percent of the energy needed to make virgin metal, which means a much lower carbon footprint.

Scrap’s importance as a feedstock for European manufacturers has steadily increased over recent years as many of the region’s aluminium smelters have succumbed to high energy prices. The region’s annual primary aluminium production has fallen by a quarter since 2011.

The worry is that European recycling capacity is now also at risk, with European Aluminium estimating around 15% of the bloc’s recycling furnace capacity is idle for want of feed.

Article Link :

https://www.reuters.com