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Working towards even greater recycled aluminium industry growth

Owing to macroeconomic conditions, the recycled aluminium industry faced tight supply of raw materials, decreased product demand, a difficult operational situation and a general decline in profits in the first half of 2023. Capacity of new and already started recycled aluminium projects is more than 6 million tons and production is expected to have exceeded 4.5 million tons for the January-June period - a year-on-year increase of 9%. There was domestic recycling of 3.9 million tons of scrap aluminium.

According to statistics from the customs department, a total of 658,400 tons of recycled cast aluminium alloy raw materials was imported between January and May 2023 - a year-on-year increase of 30.5%. There have been three key developments: an acceleration of the layout of new energy industry clusters; active integration between hydropower and aluminium enterprises; and research and development into new recycled aluminium materials.

In 2023, the China Nonferrous Metals Industry Association Recycling Metal Branch (CMRA) has been engaged mainly in the following work to promote the industry’s growth: cultivating a group of standardized recycling and fine sorting enterprises, standardizing the order of the recycling and casting aluminium alloy market and improving the efficiency of enterprise funds; discussing green evaluation and carbon footprint certification with regard to recycled aluminium; co-operating strategically with multiple industrial parks and agglomeration areas, promoting industrial development and synergy; and organizing for enterprises to visit South East Asia and North America to gain a better understanding of international trade patterns, product markets, and advanced technologies and equipment relating to recycled materials.