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The domestic metals recycling sector, particularly non-ferrous, is witnessing constant growth, mainly owing to strong demand - notably from China - for semi-manufactured items such as ingots. Pakistan is also moving towards becoming the next major scrap recycling hub as many end users of metals see the country as a strategic location, with relatively relaxed laws for foreign investors wanting to step into the recycling business. 

Inflows of scrap are slowing as the winter kicks in. Recently, there have been increases in copper and aluminium prices as markets remain firm and stable owing to continuous demand and tight supply.

Semi-manufactured and manufactured items are seeing high demand from China and Far East markets as metals and mining becomes one of the major sectors for earning foreign exchange, mainly through free trade agreement and China opening up new markets for Pakistan’s sellers and China’s buyers.