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Middle East

The Middle East has several proposals and initiatives in place regarding non-ferrous metals. These plans, some of which are outlined below, aim to leverage the region’s resources and capitalize on the growing demand for non-ferrous metals globally.

Many countries in the Middle East are focusing on diversifying their economies and reducing dependence on oil revenue. One way to achieve this is by developing downstream industries related to non-ferrous metals, including aluminium smelting, copper refining and value-added manufacturing. By moving up the value chain, countries in the region aim to capture a larger share of the economic benefits associated with non-ferrous metals.

The Middle East is already one of the leading regions for aluminium production. Countries such as the United Arab Emirates, Qatar, Bahrain and Saudi Arabia have established aluminium smelters and are now expanding their capacities; for example, Emirates Global Aluminium is planning to increase its production capacity in the UAE. Such expansions are aimed at meeting the growing demand for aluminium and at creating job opportunities.

Furthermore, the Middle East has significant copper reserves, and efforts are under way to develop copper mining and processing operations in the region. For instance, Saudi Arabia is exploring the potential of its copper deposits and aims to develop mining projects. This would not only boost copper production but also support the growth of downstream industries that utilize the metal.

Meanwhile, the Middle East is increasingly recognizing the importance of recycling non-ferrous metals and promoting a circular economy. Governments and organizations are implementing policies and initiatives to encourage recycling and improve waste management practices. These efforts aim to conserve resources, reduce environmental impacts and promote sustainable practices in the non-ferrous metals sector.

Also among its initiatives, the Middle East is actively seeking collaborations and partnerships with international companies to further develop its non-ferrous metals industry. These partnerships may involve technology transfer, knowledge sharing and joint ventures to leverage expertise and access new markets. By collaborating with global players, the region aims to strengthen its position in the non-ferrous metals value chain.

The GCC and Middle East region has experienced rapid urbanization and population growth. This has increased the demand for housing, consumer goods and transportation, leading to higher consumption of non-ferrous metals. Demand for non-ferrous metals is expected to continue growing in the coming years, driven by ongoing investments in various sectors and the region’s strategic position as a global trading hub.

Rami Shahrour

SHARMETAL TRADING CO. S.A.R.L. (LBN), Board Member of the BIR Non-Ferrous Metals Division


Country
Lebanon


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