24 JUNE 2011www.worldal.com
Increase In Aluminum Recycling Depends On China
Edited by : AL CIRCLE
2 min read
As the global economy rebounds and demand for aluminum rises, the need for recycling of scrap metal increases, and China must play a big role in that if the secondary market is to expand.
David Wilson, director of metals research, at Societe Generale, said recycling needs to take off in China, where little recycling is done so far.
“Brazil is the best at recycling. They have very high rates…. It’s an easy metal to recycle. We’ll see some increase in recycling in China as the amount of available scrap picks up. It’s clear the life span of buildings in China is shorter than in the West. There’s a 10-20 year life span as some weren’t built well and some are outdated. So I have a feeling that scrap supplies will increase. But it’s coming from a very low base,” he said.
Wilson spoke to Kitco News on the sidelines of the Harbor Aluminum outlook conference in Chicago this week.
Research from other firms shows that China’s aluminum recycling industry is underdeveloped in comparison to other countries. According to The Beijing Axis, Chinese refiners and smelters are not equipped with advanced technology to recycle and treat residues, although there is some movement to recycle more. The Beijing Axis said only 20% of China’s total production of aluminum is recycled.
David Wilson, director of metals research, at Societe Generale, said recycling needs to take off in China, where little recycling is done so far.
“Brazil is the best at recycling. They have very high rates…. It’s an easy metal to recycle. We’ll see some increase in recycling in China as the amount of available scrap picks up. It’s clear the life span of buildings in China is shorter than in the West. There’s a 10-20 year life span as some weren’t built well and some are outdated. So I have a feeling that scrap supplies will increase. But it’s coming from a very low base,” he said.
Wilson spoke to Kitco News on the sidelines of the Harbor Aluminum outlook conference in Chicago this week.
Research from other firms shows that China’s aluminum recycling industry is underdeveloped in comparison to other countries. According to The Beijing Axis, Chinese refiners and smelters are not equipped with advanced technology to recycle and treat residues, although there is some movement to recycle more. The Beijing Axis said only 20% of China’s total production of aluminum is recycled.
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