Rising inflation has resulted in higher prices in most markets. Following the challenges of COVID, most countries appear to have returned to normal in the second quarter of this year. Increased metals collection and supply are being seen in the market alongside slow demand owing to current price declines and market corrections. Imports into China, the biggest consumer of metals, have declined as a result of its sudden increase in COVID cases, with the lockdowns enforced in some areas leading to the disruption of port operations and business activities.
The new government in Pakistan has taken charge and is expected to announce a business-friendly economic policy. Economic stability remains a challenge for the country but, with better policies for domestic industry, Pakistan can become a strong market for global recyclers.