Kazakhstan’s aluminium scrap export during 2019-21 demonstrates a sharp downfall followed by rapid growth
The process by which scrap aluminium can be reused in products after its initial production is termed aluminium recycling. However, the process involves simply re-melting the metal that is considered far economic and energy-intensive than producing new aluminium through the electrolysis of aluminium oxide (Al2O3). Aluminium scrap recycling just requires only 5% of the energy used to make new aluminium from the raw ore.
The Central Asian nation, Kazakhstan exported 46,954 tonnes of aluminium scrap during 2019-20, creating an inward-flow of revenue for around $50.89 million from the export.
In 2019, Kazakhstan exported 28,383 tonnes of aluminium scrap, incurring earnings of $30.40 million, whereas, in 2020, the export of aluminium scraps demonstrates sharp downfall by 34.56%, as the export volume plunges to 18,571 tonnes due to the covid-19 pandemic lockdown, which impacted in the generation of aluminium and other scrap materials.
The export for 2021 is foreshadowed with growth by 62.60%, as the export volume is anticipated to reach 30,197 tonnes and the earnings to stand at $46.76 million.
The major trading destinations for Kazakhstan’s import of aluminium scrap are Russia and Germany.
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