Revolution in the global metals market in light of the rising importance of recycled materials
The end of the first decade of this century marks the rise in importance of the recycled materials, primarily in China. For instance, its ferrous scrap generation doubled in just 2 years and will rise going forward with a massive potential. In particular, scrap share in China steel production should rise from the current 10% to 30-40% within the next 5-10 years.
This revolution will change the whole global metals market as the new source of metals will replace primary sources, depressing prices further. The report will focus on the impact of that and will be sent to global leading portfolio managers who focus on Emerging Markets.
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