Copper Scrap Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to copper scrap market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Copper Scrap Market News

  • In March 2024, Lithuania, the Czech Republic, Latvia, and Estonia submitted a proposal to Brussels to ban the imports of Russian scrap. The proposed ban is aimed at import of ferrous metal waste and scrap, copper, and aluminum into the European Union from Russia.
  • In May 2024, Metso, a Finnish industrial machinery supplier announced the launch of a new heavy-duty Outotec Kaldo L Furnace. The top blown rotary converter (TBRC) Kaldo L furnace is especially designed for melting, reducing and converting of various primary and secondary raw materials, such as concentrates, copper scrap, anode slimes and e-waste.
  • In July 2024, MyScrapMatters, a new website to provide centralized and comprehensive information about the scrap metal industry in South Africa was launched and is managed by XA Global Trade Advisors. The website aims to reduce the issue of theft in the scrap metal industry in the country whilst also promoting transparency as well.

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Global Copper Scrap Market size was valued at USD 65.03 Billion in 2023 and is poised to grow from USD 70.49 Billion in 2024 to USD 134.39 Billion by 2032, growing at a CAGR of 8.4% during the forecast period (2025-2032).

Copper scrap companies should focus on utilizing advanced recycling and processing technologies to maximize the efficiency of their operations. Targeting countries with rising e-waste issues and supportive government initiatives for recycling are slated to help create new business scope as per this global copper scrap market analysis. Surging use of electronics and electrical components in multiple industry verticals is also slated to boost the sales of copper and copper scrap in the long run. 'Ames Copper Group', 'Aurubis AG', 'CMC', 'Glencore', 'Kuusakoski', 'Global Metals & Iron Inc.', 'HKS Metals', 'Olin Brass', 'JAIN RESOURCE RECYCLING PVT LTD.', 'KGHM METRACO S.A.', 'OmniSource, LLC.', 'Pascha GmbH.', 'Perniagaan Logam Panchavarnam Sdn Bhd', 'S.I.C. Recycling Inc.'

As use of copper rises in almost all industry verticals, fluctuations in pricing and availability of copper have pushed companies to look for affordable copper sources. Copper scrap provides a more stable and economical alternative to virgin copper, reducing dependence on fluctuating global markets and creating new opportunities for copper scrap companies.

Use of Advanced Recycling Technologies: Copper scrap companies should focus on the adoption of advanced recycling technologies to maximize their business scope in the future. Use of hydrometallurgical and electrochemical processes to improve copper recovery rates and reduce environmental impact are expected to help companies make most of this copper scrap market trend in the long run.

The Asia Pacific region is estimated to emerge as the top regional market in the global copper scrap industry. Growing emphasis on carbon emission reduction, the launch of government incentives to promote recycling, and high investments in infrastructure development are helping this region bring in the most revenue on a global level.

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Global Copper Scrap Market
Copper Scrap Market

Report ID: SQMIG15K2004

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