Global Renewable Metal Industry Chain Summit 2024

🛎 #Event Join Bureau of Middle East Recycling's 𝟭𝟮𝘁𝗵 𝗕𝗠𝗥 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 in Dubai this November 𝗧𝗶𝗺𝗲: 25-26 November 2024 𝗩𝗲𝗻𝘂𝗲: Le Meriden Dubai Hotel & Conference Centre, Airport Road, Dubai, UAE As the voice of Recycling Industry in the Middle East region, BMR mainly represent all the suppliers/traders of the Middle East Recycling Industry and to bring them under one banner and platform with the unified thoughts of promoting the Metal Recycling Business of Middle East, protecting the environment and sharing market information about metal recycling and to face the new challenges in the present financial crises. This bureau is focused mainly on Unity among Middle East Recycling Industry which is one of the largest geographical sectors dealing with million tons of scrap which yields billions of US dollars. Up to date, more than 3,500 industry leaders participated in the conference and contributed to insightful industry guidance, market analysis and networking sessions. ℹ 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗵𝗲𝗿𝗲 𝗮𝘁: http://bmr.ae/home.html #recycling #renewable #metal #copper #aluminium #aluminum #basemetal #greenenergy #MEA #MiddleEast #Dubai #UAE #iron #steel #ferrous #nonferrous #trade

#Copper prices fell on the impact of China's measures on refined copper and aluminum imports. Copper prices fell on Monday, mainly due to the stabilization of the US dollar against most major currencies and the previous measures taken by China on refined copper and aluminum imports. China's Ministry of Environmental Protection announced new rules to allow more copper and refined aluminum imports to improve supply and industrial competitiveness. As the world's largest metals consumer and producer, China is seeking to use refined metals to reduce industrial carbon emissions. The market is also looking forward to possible government stimulus measures to promote the construction industry and many other industries that rely on industrial metals such as copper. Key data: As of 16:49 GMT, the US dollar index rose 0.1% to 104.9, with an intraday high of 105.03 and a low of 104.8. As of 16:43 GMT, copper September futures fell 0.4% to $4.63 per pound. #recycling #metals #conference #India #scrap #industry #summit

#copper War in Ukraine leads to surge in demand for copper Russia's war on Ukraine is increasing demand for copper. On Monday, a series of Russian missiles struck targets in cities across Ukraine, including a children's hospital in Kiev, killing at least 22 people and injuring 68. The war consumes a lot of copper. Most ammunition uses copper in some way, with bullet casings made of brass, an alloy of copper and zinc. NATO 155 millimeter (mm) shells contain 0.5 kilograms of copper. According to the European Defense Agency (EDA), the Ukrainian army fires up to 7,000 shells per day. According to the Royal United Services Institute (RUSI), a British defense think tank, the Russian equivalent is a 152-mm shell. According to consulting firm Bain & Company, Russia produces 4.5 million artillery shells per year, with a 150 percent increase in production over the past 12 months. According to Bloomberg estimates, prior to the war in Ukraine, the United States produced an average of 14,400 shells per month. However, DefenceOne, a publication specializing in the defence industry, said the country plans to increase production to 100,000 shells per month by the end of 2025. The industry's military demand for copper has been the focus of attention in recent years. According to mining giant Robert Friedland, military demand in China is very high despite the country's weak real estate market. "Europe is rearming; Japan is rearming. The U.S. military is worried about a shortage of 155-millimeter howitzer shells. When all the guns are going off, "if someone is pointing a gun at you, you need that cop to shoot back." #recycling #metals #conference #India #scrap #industry #summit

#Day2 Global Renewable Metal Industry Chain Summit [𝗞𝗘𝗬𝗡𝗢𝗧𝗘 𝗦𝗽𝗲𝗲𝗰𝗵] - Highlight of  𝐀 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐢𝐧 𝐥𝐞𝐚𝐝 𝐫𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠–𝐚𝐧𝐝 𝐦𝐚𝐤𝐢𝐧𝐠 𝐋𝐢-𝐢𝐨𝐧 𝐫𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐚 𝐫𝐞𝐚𝐥𝐢𝐭𝐲 brought by Farid Ahmed, VP Global Strategy & Business Development from ACE Green Recycling, Inc. 💡 𝗧𝗼𝗽𝗶𝗰𝘀 & 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:   𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐥𝐞𝐚𝐝 𝐦𝐞𝐭𝐚𝐥: 90% is used in battery manufacturing. In addition to automotive uses, lead batteries will play a key role in providing energy storage systems for the energy transition, because primary lead extracted from mining will not see real growth in the next decade, even though total demand for lead will grow by an average of 1% per year. This is partly because no additional primary lead is needed. Secondary supply, that is, metal from recycling, can meet this processing demand through its own organic growth, but it does mean that we must increase lead recycling capacity to match the rate of scrap.   Battery recycling, although it is much more applicable to lithium-ion than lead. The 2022 US Inflation Reduction Act IRA promotes higher levels of Batch 3 components and the minerals used to make them from North America. And primary metal supply is difficult to meet this demand, so recycling will be an important supplement to this supply. So this means that recycling also needs to be localized. It can't all be done abroad and shipped to the United States. 𝐋𝐞𝐚𝐝 𝐬𝐮𝐩𝐩𝐥𝐲 𝐚𝐧𝐝 𝐝𝐞𝐦𝐚𝐧𝐝 𝐩𝐫𝐨𝐛𝐥𝐞𝐦𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: Over-reliance on foreign countries. The United States imports a large amount of lead each year, almost a third of its total demand; the gap between supply and demand has widened. The United States has lost a huge amount of smelting capacity. The shortfall is expected to average more than 500,000 tons per year through 2040, with an average annual growth of 1% during that period; tighter regulations limiting organic growth. Every year, it becomes harder to make lead. The bar is getting higher.   #recycling #metals #conference #India #scrap #industry #summit

#Day2 Global Renewable Metal Industry Chain Summit [𝗞𝗘𝗬𝗡𝗢𝗧𝗘 𝗦𝗽𝗲𝗲𝗰𝗵] - Highlight of 𝐓𝐡𝐞 𝐜𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐨𝐫 𝐥𝐞𝐚𝐝 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐬𝐢𝐚 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐩𝐫𝐢𝐜𝐞 𝐭𝐫𝐞𝐧𝐝 𝐨𝐟 𝐥𝐞𝐚𝐝 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐩𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞 𝐨𝐟 𝐂𝐡𝐢𝐧𝐚'𝐬 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭  brought by 𝐖𝐞𝐧𝐦𝐢𝐧𝐠 𝐗𝐢𝐚, Senior Lead Industry Analyst from Shanghai Metals Market   💡 𝗧𝗼𝗽𝗶𝗰𝘀 & 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:   𝐓𝐡𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐂𝐡𝐢𝐧𝐚 𝐚𝐧𝐝 𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐬𝐢𝐚 𝐥𝐞𝐚𝐝 𝐦𝐚𝐫𝐤𝐞𝐭𝐬: The problem of raw material supply in the Chinese market has been transmitted to the ingot end, and the cumulative production of lead ingots from January to May 2024 has decreased by 7.2% year-on-year   𝐓𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐭𝐫𝐞𝐧𝐝 𝐨𝐟 𝐥𝐞𝐚𝐝 𝐜𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚 𝐟𝐫𝐨𝐦 𝟐𝟎𝟎𝟑 𝐭𝐨 𝟐𝟎𝟐𝟑: In 1985, China proposed and began implementing a motorcycle ban. By 2015, more than 70 cities across the country had taken measures to prohibit and restrict motorcycle driving. With the upgrading of travel requirements from Chinese consumers, the electric bicycle and car markets have entered a period of rapid development since 2010, becoming the main force of lead consumption in China.   𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐬𝐢𝐚 𝐥𝐞𝐚𝐝 𝐜𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧—𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚: According to data released by the Malaysian Association of Automobile Manufacturers (MAA), Malaysia sold 799731 cars in2023, setting a historical annual sales record, an 11% increase from2022.   The Malaysian government plans to comprehensively reform the existing fuel subsidy mechanism in 2024, which may have a significant impact on the willingness of the middle class to purchase cars.   #recycling #metals #conference #India #scrap #industry #summit

#Copper China's copper premium reaches above zero A key measure of Chinese copper demand returned to positive territory for the first time in nearly two months as users stepped up purchases. Premiums for imported refined copper rose to $3 a tonne on Friday, according to data released by the Shanghai Metal Market. Copper in Shanghai's duty-free bonded zone has been selling at a discount to London Metal Exchange prices since May, driven by weak underlying demand and buyers' reluctance to pay higher prices for copper. However, copper prices have hit record highs in recent months, driven by speculative funds, as the market's focus shifted back to weakness in China, the biggest copper consumer. But this rally has lost momentum. In recent weeks, the market has shown the first signs that it is strengthening, with the Yangshan premium turning positive again and Chinese copper stocks falling last month after surging in May. However, it remains doubtful whether the rise in purchases is simply the result of delayed buying or a genuine improvement in underlying demand. The latest data from the Shanghai Futures Exchange showed that copper stocks rose slightly again over the past week, which is a negative sign for the market. Copper prices rose 1 % to $9,976.50 a ton on the London Metal Exchange as of 2:14 p.m. The price of zinc rose by 1 % to $9,976.50 a ton on the London Metal Exchange. Other metal prices also strengthened, with zinc and tin both on track for their fourth consecutive week of increases. On Friday, U.S. economic data showed that job and wage growth slowed in June, reinforcing expectations that the Federal Reserve will begin cutting interest rates in the coming months. #recycling #metals #conference #India #scrap #industry #summit #copper #scraps

#Day2 Global Renewable Metal Industry Chain Summit [𝗞𝗘𝗬𝗡𝗢𝗧𝗘 𝗦𝗽𝗲𝗲𝗰𝗵] - Highlight of Development of lead-acid battery technology in China and analysis of the lead-acid battery market in Southeast Asia brought by 𝗫𝗶𝗮𝗼𝗯𝗼 𝗬𝗶, 𝗙𝗼𝗿𝗺𝗲𝗿 𝗦𝗲𝗰𝗿𝗲𝘁𝗮𝗿𝘆 𝗚𝗲𝗻𝗲𝗿𝗮𝗹, 𝗟𝗲𝗮𝗱-𝗔𝗰𝗶𝗱 𝗕𝗮𝘁𝘁𝗲𝗿𝘆 𝗕𝗿𝗮𝗻𝗰𝗵 𝗼𝗳 𝗖𝗵𝗶𝗻𝗮 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗮𝗹 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻 💡 𝗧𝗼𝗽𝗶𝗰𝘀 & 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: ✅ Basic situation of China's lead-acid battery industry 1) China is the world's largest manufacturer, exporter and consumer of lead-acid batteries, with production volume accounting for about 30% of the world's total output, total industrial output value of about 210 billion yuan, with a growth of about 3.5% in 2023; direct export volume of about 3.8 billion U.S. dollars, with a year-on-year decline of 3% in 2023 (demand fluctuations and trade policy adjustments). 2) Lead-acid battery industry concentration is gradually increasing, small and medium-sized enterprises are withdrawing one after another, and the leading enterprises are playing a significant role in leading. Domestic secondary power supply market accounted for 80% share for a long time, in recent years by the impact of lithium battery, the market share reduced to about 55%. ✅ Analysis of the lead-acid battery market in Southeast Asia 1) The distribution of lead-acid battery industry in South Asia is mainly in Indonesia, Vietnam, Malaysia and Thailand. In terms of contributors, local enterprises in Southeast Asia accounted for about 42%, Chinese enterprises accounted for about 29%, and Japanese enterprises accounted for about 27%. 2) Lead-acid battery production in Southeast Asia is currently dominated by car starter batteries, motorcycle batteries as a supplement, imported batteries accounted for about 35%. ✅ Current demand for lead-acid batteries in Southeast Asia Automotive starter batteries: Southeast Asia is a region with a population of 600 million and sustained economic growth, but the penetration rate of automobiles is less than 20%, and in recent years, Southeast Asia's automotive consumer market is growing steadily. By the end of 2023, the total number of automobiles in ten ASEAN countries will be about 80 million, and the annual demand for lead-acid batteries for starters is expected to be about 26 million, with the total demand amounting to about RMB 8 billion. ✅ Future demand for lead-acid batteries in Southeast Asia Driven by the Paris Agreement: The long-term goal of the Paris Agreement is to limit the increase in global average temperature to less than 2 degrees Celsius compared to the pre-industrial period, and to strive to limit the temperature increase to less than 1.5 degrees Celsius. In the context of the Paris Agreement, Southeast Asia is actively promoting the transition from conventional internal combustion vehicles to electric vehicles. #recycling #metals #conference #scrap #industry #summit

#copper Congo sells copper from joint ventures for the first time The Democratic Republic of Congo's state-owned mining company has for the first time begun selling its copper stake in a joint venture project, as the country seeks to tighten its grip on the key metal for the energy transition. Gecamines S.A. holds minority stakes in large mines operated by companies such as China's Luoyang Molybdenum Group and Glencore. So far, the joint venture itself has sold all of its products. But it has been revealed that the state-owned company is selling its share - totaling hundreds of thousands of tons per year - more aggressively. In addition, Gecamines will sell copper from Luoyang Molybdenum's Tenke Fungurume mega-mine, in which the company holds a 20% interest. The state-owned miner is also evaluating bids, including those from Glencore, Trafigura and Mercuria Energy Group Holding SA, to buy 90,000 tons of copper from the project. Gecamines' action creates an opportunity for traders to bid for a large number of new contracts in a context of intense competition for copper deals. Congo recently became the world's second-largest copper producer, with exports nearly tripling since 2016. However, many expect global demand to outpace investment in new supply, driven by growth in electric vehicles, grid infrastructure and data centers. #recycling #metals #conference #India #scrap #industry #summit

#Day2 Global Renewable Metal Industry Chain Summit [𝗞𝗘𝗬𝗡𝗢𝗧𝗘 𝗦𝗽𝗲𝗲𝗰𝗵] - Highlight of Global Low-Carbon Aluminum Outlook brought by Inga Simonenko, Market Intelligence and Commercial Sustainability from UC RUSAL 💡 𝗧𝗼𝗽𝗶𝗰𝘀 & 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: Over 90% of processing and final goods industries’ upstream GHG emissions comes from raw materials and Aluminium industry in its entirely represents ~2% of global GHG emissions. Analytic agencies define “low-carbon aluminium” having CF <4 t CO2 in regard to Scopes 1 & 2, however, there is still no uniform definition for low-carbon aluminium in regard to Cradle-to-Gate. Packaging, Consumer goods & Automotive segments turned out to be early adopters of aluminum. Solar PV is the fastest growing segment of aluminium demand. China is dominant in the solarphotovolitaic value chian. Today, China’s share in all solar panels’ manufacturing stages (such as polysilicon, ingots, wafers, cells and modules) exceeds 80%•The country is home to the world’s top-10 suppliers of solar PV manufacturing equipment. EV sales continue to grow at doubled digits, share of BEV slightly decreased, and aluminium makes up >30% of EV batteries content and significant part of batteries CF. At the same time, aluminium cans demand recovers, back to the long-term growth trajectory. Transport to remain the key driver of aluminium demand given energy transition background and the decarbonization of aluminium industry is ongoing, providing customers optionality and transparency. #recycling #metals #conference #Malaysia #scrap #industry #summit

#Day2 Global Renewable Metal Industry Chain Summit [𝗞𝗘𝗬𝗡𝗢𝗧𝗘 𝗦𝗽𝗲𝗲𝗰𝗵] - Highlight of Recycling Market Development under the Influence of the Basel Convention brought by Quanyin Tan from Tsinghua University, Basel Convention Regional Center for Asia and the Pacific 💡 𝗧𝗼𝗽𝗶𝗰𝘀 & 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: ◾ Background of the Basel Convention 1) In the late 1980s, as the cost of hazardous waste disposal increased dramatically due to increasingly stringent environmental regulations in industrialized countries, and in order to find low-cost solutions, some "toxic traders" began to ship hazardous wastes to developing countries in Africa, Eastern Europe, and other regions, in order to shift the burden of hazardous waste disposal. 2) On June 17, 1987, the fourteenth session of the UNEP Governing Council adopted a decision approving the Cairo Guidelines and Principles for the Environmentally Sound Management of Hazardous Wastes and authorizing the Ad Hoc Working Group of Legal and Technical Experts to draft a global convention on the control of transboundary movements of hazardous wastes, which entered into force on May 5 after being ratified by 20 countries. ◾ Purpose and principles of the Basel Convention: 1) Purpose: is to strengthen international cooperation among countries of the world in the control of transboundary movements of hazardous wastes and their disposal, to promote the environmentally sound treatment of hazardous wastes and to protect the global environment and human health. 2) Core principles: minimization, proximity of generation and environmentally sound treatment, control of transboundary movements of waste ◾ Possible impacts of the convention in terms of focus topics 1) Legal Definition Controversy - Improving Legal Clarity (Annex Review) 2) Focus of the controversy: Revision of legal definitions of wastes, hazardous wastes, non-wastes, non-hazardous wastes; Definition of legal definitions of used products, goods, direct reuse, recycling, remanufacturing; Distinction and definition of utilization, disposal. 3) Possible implications: -The core objective of the Basel Convention on the control of transboundary movements of hazardous and other wastes and their environmental hazards is enduring a fate of disguised change due to changes in the legal definition of waste. -Challenges to the PIC transboundary movement regime: utilization and disposal patterns affect the attribution of waste types in the annexes and their classification in exporting and importing countries. #recycling #metals #conference #India #scrap #industry #summit