0.70$US/Lb
0.24$US/Lb
0.22$US/Lb
0.31$US/Lb
0.82$US/Lb
784.00$US/MT
962.00$US/MT
1077.00$US/MT
405.00$US/MT
653.40$US/MT
633.54$US/MT
2430.83$US/MT
2816.65$US/MT
35.24$US/MT
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SEATTLE (Scrap Monster): The global market for recycled metals is anticipated to increase significantly over the next several years, per a recent study released by DataM Intelligence, a top market research and consulting company.
The market is expected to increase at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2031, reaching $4.7 million. It should be mentioned that in 2023, the global market for recycled metals was estimated to be worth $2.5 million.
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Reintroducing recovered metals into the manufacturing cycle will aid in waste reduction and resource conservation, according to the paper. By cutting carbon emissions and energy use, it promotes a circular economy. In several industries, such as electronics, automotive, and construction, the utilization of recycled metals promotes sustainable production.
Consumption of recycled metals is anticipated to increase as a result of the growing adoption of cutting-edge technology by different industry participants. Orbex, the first marketplace for verified recycled metals in the world, was launched in May 2023 and is regarded as a ground-breaking project. The marketplace guarantees the ethical sourcing of all materials. According to the research, it also provides a safe and transparent means of purchasing and selling recycled metals.
Copper Scrap View All | |
Alternator | 0.38 (0) |
#1 Copper Bare Bright | 3.92 (-0.02) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.77 (0) |
6061 Extrusions | 0.67 (0) |
Steel Scrap View All | |
#1 Bundle | 370.00 (0) |
#1 Busheling | 390.00 (0) |
Electronics Scrap View All |