An Ultimate Guide to Recycled Metal
Extraction of metals from ore requires a large amount of energy. Also, the extraction process of metals is responsible for greenhouse gas emission. Primary production of metals includes extraction from ores whereas; secondary production includes metal preparation from scrap collection. For the secondary process, an electric arc furnace is employed which consumes considerably lesser energy. Metal recycling thus aims at reducing the environmental footprint by conserving energy.
The recycled metal market is expected to witness high growth on account of major driving factors such as a rise in e-waste generation owing to the demands from the consumer-oriented electronic industry. Increasing environmental concerns coupled with government regulations encouraging resource conservation further stimulates the recycled metal market growth. However, lack of inefficient recycling processes which can completely recover metal from scrap hinders the recycled metal market growth. Nonetheless, market opportunities lie in generating new and more efficient methods of reducing and recycling electronic waste.
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