Scrap

Indonesia, controlling over 60% of global nickel production, faces market skepticism despite imposing output limits and stricter regulations to manage its crucial nickel sector. Efforts to balance mining cuts and boost processor production have led to fluctuating nickel prices and uncertain impacts. >>

The non-ferrous scrap metal market is set to grow from $112 billion in 2026 to $142 billion by 2035, with a strong focus on recycling due to its environmental benefits and the rising demand from industries like automotive and electronics. >>

The EU Commission is reviewing MMG's $500M purchase of Anglo American's nickel operations in Brazil, citing competition concerns in the low-carbon ferronickel market crucial for stainless steel production. This deal has also faced opposition from the U.S. due to fears over China's growing influence in global mining. >>

The EU Commission plans to ban aluminum scrap exports to non-OECD countries by 2026, aiming to control waste leakage and ensure environmental compliance, with some exceptions for EU candidate countries. >>

Thyssenkrupp invests $100M in Destiny Copper, a Canadian company at Thorold Hub, to support the Royal Canadian Navy with 12 new submarines by enhancing anti-barnacle marine paint. >>

Voya Energy raised $35M to advance a clean energy system that converts scrap aluminum into electricity, targeting large-scale users like data centers with a compact, emissions-free solution. >>