Framework for Non-Ferrous Metal Scrap Recycling 2020
On 13th Match, 2021, the Centre has issued a framework for scrap recycling of non-ferrous metals, including aluminium and copper, in a bid to cut down the scrap imports.
Need
- Increased Import Dependency: One of the key challenges faced by the non-ferrous metals industry is its heavy dependence on import of metal scrap and a major share of the demand is served by imports owing to the underdeveloped metal scrap collection, segregation and processing infrastructure in the domestic market.
- Increasing Domestic Demand: The demand for aluminum has increased at compound annual growth rate (CAGR) of 6.77 per cent. Considering the ....
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