The 24th International Forum and Exhibition on Recycled Metals Opens in Suzhou

Since the beginning of this year, large-scale equipment upgrades and trade-in programs for consumer goods have been continuously carried forward, with policies stepping up efforts. The recycled non-ferrous metals industry, with its irreplaceable value of resource recycling and significant advantages in energy conservation and carbon reduction, has become a crucial component of the global sustainable development strategy. To integrate global wisdom, unite forces, promote international cooperation and innovation, and facilitate high-quality industrial development, the 24th International Forum and Exhibition on Recycled Metals, hosted by the China Nonferrous Metals Industry Association and the Aluminum Corporation of China Limited, and organized by the Recycled Metals Branch of the CNMIA (hereinafter referred to as the Recycled Metals Branch), opened in Suzhou on November 8.

“Since the implementation of the 14th Five-Year Plan, China’s recycled non-ferrous metals industry has actively responded to the national call and fully implemented the new development concept. With an increasing number of enterprises, expanding scale, and a continuously improved industrial image, the industry is becoming an important part of China’s raw material security and sustainable development, showcasing its irreplaceable value of resource recycling and significant energy-saving and carbon-reduction advantages, and constantly demonstrating the development trend of a ‘sunrise industry’,” said Ge Honglin in his speech, providing an in-depth analysis of the current operating conditions of China’s non-ferrous metals industry and the thriving development trend of the recycled non-ferrous metals industry.

Ge Honglin pointed out that China’s non-ferrous metals recycling system has been basically established. Looking ahead, relying on China’s ultra-large-scale market advantages, the recycled non-ferrous metals industry has broad development prospects. According to predictions, by 2030, China’s production of recycled non-ferrous metals will reach 28 million tons, accounting for 30% of the country’s total non-ferrous metals production, further highlighting its role and status. To achieve high-quality development of the recycled metals industry, Ge Honglin offered five suggestions: first, to achieve a healthier industrial ecology; second, to achieve higher-tech recycling; third, to achieve higher-end recycled applications; fourth, to establish more comprehensive standards and certifications; and fifth, to achieve a higher level of opening up to the outside world.

“In the context of carbon peaking and carbon neutrality, the recycled metals industry is ushering in new development opportunities while also facing challenges such as international geopolitical conflicts, green and low-carbon transformations, changes in supply and demand patterns, and intensified price fluctuations,” said Zhang Ming. The Shanghai Futures Exchange actively responds to energy conservation and carbon reduction initiatives, supports the development of the recycled metals industry, and layouts a sequence of green and low-carbon product categories. With strong support from spot market management departments, industry associations, and other market parties, the SHFE has steadily and cautiously promoted the research and development of cast aluminum alloy futures listing in accordance with the requirements of the registration system and the principles of meeting the needs of entity enterprises and having room for functional development, helping the industry optimize its capacity layout; promoted the inclusion of recycled lead, green and low-carbon aluminum, and other products in the futures delivery system, leveraging the futures market’s resource allocation advantages in serving the industry’s low-carbon transformation; and actively cooperated with all parties to study green and low-carbon standards in the domestic and international industries, exploring a benchmarking system for the futures market to serve green and low-carbon development.