According to Xinhua News Agency, the China Nonferrous Metals Industry Association noted that China's recycled nonferrous metals industry has maintained rapid growth. Output rose from 14.5 million tons at the end of the 13th Five-Year Plan period to 19.15 million tons by the end of 2024, achieving an average annual growth rate of 7.2%. It is projected to surpass 20 million tons for the first time by the end of 2025, becoming a crucial pathway to address resource and environmental constraints within the industry.

Data shows that from 2021 to 2024, China's cumulative recycled nonferrous metal output reached 69.3 million tons, accounting for one-quarter of the nation's total output of ten common nonferrous metals and one-third of global recycled nonferrous metal production. Over the past four years, this effort has cumulatively conserved 3.6 billion tons of mineral resources and reduced carbon dioxide emissions by 560 million tons.

Furthermore, China's recycled non-ferrous metals industry continues to optimize its structure and achieve abundant technological innovations. The proportion of recycled raw materials in utilization has steadily increased, becoming the core raw material source for a growing number of processing enterprises. Some processing enterprises have achieved a recycled raw material utilization rate of over 60%.

“Primary enterprises purchasing high-quality recycled copper raw materials or recycled copper anodes to supplement mineral shortages further highlights the strategic supporting role of recycled raw materials in the industrial structure,” said Ge Honglin.

“The 15th Five-Year Plan period will be a pivotal phase for China's recycled metals industry to transition from parallel development to leadership, and from extensive growth to high-quality development,” Ge stated. He emphasized that the industry will systematically advance high-quality development by upgrading the raw material supply system, expanding applications of recycled materials, promoting synergistic integration, and comprehensively enhancing digital and intelligent capabilities.

As an integrated internet platform providing benchmark prices, On November 13, the benchmark price of tin on SunSirs was 291,960.00 RMB/ton, an increase of 2.68% compared with the beginning of the month (284,350.00 RMB/ton).

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