Non-Ferrous Scrap Recycling Market Growth Fueled by Demand for Aluminum and Copper
The non-ferrous scrap recycling market is witnessing steady growth, fueled by demand in electronics, automotive, and construction. The COVID-19 pandemic caused temporary setbacks, but recovery is underway due to rising awareness of energy conservation. Europe leads with over 90% recycling rates in key sectors. Asia Pacific remains dominant due to industrial activity. Despite quality concerns, smart technologies and increasing investments, such as Aurubis’ USD 320 million facility, highlight the sector’s push toward a more circular economy.