Climate-driven surge in scrap use could slash primary metal demand - Woodmac

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A surge in the use of scrap metal due to strict environmental policies could slash global demand for primary aluminium by almost half and cut demand for primary copper and iron by more than a third by 2040, Wood Mackenzie said on Thursday.

In a report on the future of mining, the consultancy said there is a “strong economic rationale” for greater scrap processing and use, with investment costs for aluminium scrap plants typically one-tenth those of smelters.

Current scrap collection rates globally are hard to estimate but about 56% of end-of-life goods end up in scrap-recycling systems, said Renate Featherstone, principal analyst at Wood Mackenzie and one of the authors of the report. This"would reduce primary metal demand by up to 35% for iron, 47% for aluminium and 34% for copper," the report says, adding that there will still be a need to mine and process primary metal due to rising demand and the inability of many metal applications to use scrap.

 

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climate driven? lol...it's poverty driven!

My guy in the front though! Sup pahtna!

Asking For Help is Ok too Ask Right

Are they anti-maskers ?

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