On April 24, at the CCIE 2025 SMM (20th) Copper Industry Conference & Copper Industry Expo - Secondary Copper Industry Green Development Forum, Zhang Junbing, Director of the Secondary Copper Business Department of Zhejiang Hailiang Co., Ltd., elaborated on the downstream consumption status of secondary copper in China.

The worldwide need for lithium ion batteries is surging due to the rising favoritism towards vehicles (EVs) and portable electronic devices among consumers globally as cleaner and sustainable technologies gain momentum in the modern world's landscape. Lithium recycling has gained importance amidst this shift towards sustainability as it plays a crucial role in minimizing environmental harm and maintaining a consistent flow of critical materials necessary for advancing modern technology further.

The global copper scrap market has grown as an industry worth billions of dollars. The market size value of $60.02 billion in 2021 will witness a CAGR of 5.2% from 2022 to 2030, according to Grand View Research. These are believed to be the offshoots of policies that ensure sustainability, technological advances in recycling, and an acceptance of greater circularity in the economy. It is at the heart of a successful business, treading on very fragile balances between supply and demand driven by geopolitical tensions, global trade policies, and market volatility.

The principles of supply and demand play a crucial role in the fluctuations of Aluminum Scrap Prices. Demand levels often vary with seasonal changes. For example, the demand for aluminum may rise during warmer months due to increased construction activities. On the supply side, industrial output has a significant impact. Industries that heavily rely on aluminum, such as automotive and aerospace, can increase production, which in turn affects the availability of scrap aluminum.

To comprehend the intricacies of copper scrap and the factors influencing its market, one must first recognize the importance of copper in various industries. Copper is a versatile metal widely used in electrical wiring, plumbing, telecommunications, and countless other applications due to its excellent conductivity and malleability. The recycling of copper scrap plays a crucial role in meeting the demand for this essential material.

Scrap metals include a variety of metal materials that have lost their usefulness in their original state. These can range from household items like aluminum cans to industrial components such as copper wiring. Scrap metals can be classified into different types, including ferrous metals such as iron and steel, which are magnetic, and non-ferrous metals like aluminum, copper, lead, zinc, and precious metals. Each category of scrap metal has unique properties and market values, making proper classification essential for recycling and resale purposes.

On April 7, the coking cost was 2,361.5 yuan/ton, which was temporarily stable compared with the previous trading day.

The State Council issued the Action Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods: