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 The World Steel Association predicts global steel demand to rebound by 1.7% in 2024 and grow by 1.2% in 2025. While China's demand may stabilize, the rest of the world, particularly India, is expected to drive growth. Challenges persist in the EU and UK, but the US market remains strong. Climate change initiatives are supporting steel demand in certain regions. Risks include geopolitical tensions and inflation. Contact us for further insights and subscribe for updates. 

  The global metal recycling market size is slated to expand at 6% CAGR between 2024 and 2036. The market is poised to garner a revenue of USD 143 billion by the end of 2036, up from a revenue of USD 70 billion in the year 2023. The multiplying number of uses of metal and lack of its availability is raising the demand for the market in the coming years. The escalating presence of various industries that utilize metal for the manufacturing of machines, instruments, and other products is projected to boost market growth. As per the reports in 2021 about 3 billion tonnes of metal is mined for usage. 

Demand for metals such as aluminum, lithium and copper is expected to increase in the near future as the world gradually transitions away from energy that depends upon fossil fuels such as coal and oil. For example, aluminum is used to make solar energy devices, while lithium is a key material in the batteries that power electric vehicles.

 Metals recycling is a critical component of the circular economy, a concept aimed at reducing waste, conserving resources, and minimising environmental impacts. As the world is confronted with the challenges of resource scarcity and environmental degradation, metal recycling has gained increasing relevance and importance. In this article, we will delve into the world of metal recycling, exploring its significance, recent trends, technical aspects, and the latest research.

Recycling metal consumes significantly less energy than producing it from raw materials. For example, recycling aluminum saves up to 95% of the energy required to create it from bauxite ore. These energy savings translate to a reduction in greenhouse gas emissions and decreased reliance on fossil fuels.

The metals recycling industry plays a critical role in promoting sustainability and resource conservation by transforming discarded metals into valuable raw materials. As the industry continues to evolve, recyclers are embracing new technologies that reshape operations and optimize processes to bring the sector closer than ever to a fully circular economy.