Global Forecast 2025 – Metal Recycling and its Growth

 

Photo reference from Pixabay copyright free images

2020 witnessed the biggest lockdowns imposed on countries across the globe owing to the COVID-19 pandemic. It has affected the global economies in more ways than one. Mainly, it has directly affected the production and demand, disrupting the demand and supply chain, and by causing financial instability in market segments. Did you ever think? How will global metal recycling market be impacted by the on-going crisis? What to expect in the year 2025? 

Let’s find out the emerging possibilities.  

In 2018, the metal recycling market was valued at USD 346.86 billion. This is projected to grow to USD 468.56 billion by 2025 with a CAGR of 4.39%. 

Metal recycling is a valuable process wherein the scrap metals can be recycled repeatedly without degrading its properties. Approximately 40% of worldwide steel production is made using recycled steel. Moreover, approximately around 400 million tons of metal is recycled worldwide each year. 

In the coming years, economies that show rapid progress in urbanization and industrialization like China, India, and Brazil are anticipated to provide an impetus to the on-going metal scrap recycling initiatives for the forecast period. (https://www.mynewsdesk.com/brandessence/pressreleases/metal-recycling-market-is-valued-at-usd-468-dot-56-billion-with-the-cagr-of-4-dot-39-percent-over-the-forecast-period-by-2025-3112852?utm_source=rss&utm_medium=rss&utm_campaign=Alert&utm_content=pressrelease )

Growing environmental awareness is a driving force behind the accelerated metal recycling business. Global metal recycling market is segmented on the basis of metal type, end user and region. Among the faster growing segment, growth of demand for ferrous scrap tops in the metal recycling market. This is mainly projected since recycling ferrous metals helps in reducing the quantities of solid waste that end up in landfills. Additionally, it helps in reducing energy consumption, CO2 emissions, water consumption, and air pollution. (https://www.prnewswire.com/news-releases/metal-recycling-market-worth-76-1-billion-by-2025--exclusive-report-by-marketsandmarkets-301021406.html)

Along with the growth in the market, we can also expect rapid development in the metal recycling technology. With growing complexity in the mixtures used for creating modern products, metal recycling technologies are sure to undergo changes and adapt new methodologies. 

Urban mining refers to recovering raw materials from electrical and electronic waste. Urban mining holds potential of finding up to 50 time’s higher concentration of valuable metals than ores that are extracted in mines. This segment holds a lot of potential for growth as many countries around the globe have started to realize its importance. There are millions of appliances that are still awaiting to be recovered, For example, in Africa, approximately 1 billion phones are discarded each year.  (https://www.recupel.be/en/blog/7-reasons-why-urban-mining-is-overtaking-classical-mining/ )

Recycling companies in Dubai play a significant role in metal recycling market. In a country like UAE that uses enormous amounts of metal each year, scrap metal yards in Dubai have contributed their part in taking a step towards achieving circular economy. 

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Aluminium creates highlights on the work

Aluminum is one of the important metals which are widely used for different purposes but one of the attractions for using aluminium which defines its success these days in art and fashion industry.

“Through sculpture I try to create something unique out of an ordinary object.” Noah Deledda

Detroit-born artist Noah Deledda turns trash into treasure by transforming old aluminium cans into sculptures (https://mymodernmet.com/aluminium-can-sculptures-noah-deledda/) . The amazing architectural structures and heavenly man-made metal art prove that old goods can be transformed into new pieces by adopting creative ideas by reusing or recycling items that may have been sent to garbage dump or landfill. 

Have you ever thought when an item breaks down or does not function properly, we fix it or reuse it, rather than throwing it out? Technically a form of reusing, recycling is the reprocessing of waste into raw materials for use in making a new product. BUT do you know that we can invest in products that can be reused? For that you just need to be creative, resourceful and innovative. BUT HOW?

THINK DIFFERENTLY; ask yourself, “What can I make out of this?” You may be able to come up with valuable ideas. For example does an object’s shape remind you of something else? What happens when you turn it upside down? Does it look different? Does it remind you of something else? Like Noah Deledda uses his thumb to create dents and creases in the disposable object’s surface, resulting in incredible three-dimensional sculptures adorned in flawless, geometric patterns. (http://www.noahdeledda.com/)

The whole idea is of diverting waste into wealth. Lucky Recycling handles wide range of aluminium scrap metals which are an excellent choice for industrial applications. As an Urban miner in the region, we always help you out with your intentions about recycling metals at different locations in UAE.  We are privileged to deal with some of the loyal customers in different parts of the world who have always appreciated our service and quality of products.

Let’s encourages people to recycle waste scrap metals to get rid of landfill garbage because pollution is man’s as well as the earth’s common enemy.

For more information visit us at http://www.luckygroup.com/

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

How did the Pandemic affect the Scrap Recycling business?

 The Covid-19 pandemic has impacted businesses of every nature. The lockdowns and restrictions had caused disruptions in working practices and operations. As businesses moved to remote work model, those that could not adapt to this model due to the nature of their business faced heavier losses. Metal scrap recycling business was no exception to this turmoil. 

Photo reference from Pixabay copyright free images

Some countries do not have abundant metal resources. As a result, there isn’t enough raw materials/ores to be used in manufacturing various commodities. In such case, the country imports scrap metals. Importing scrap metals is a more economical option rather than importing metal ore or virgin metal. For example, Canada imports steel and had ranked first in imports in 2017-2018. https://www.statista.com/statistics/281050/major-target-countries-for-steel-scrap-imports/#:~:text=Canada%20was%20the%20country%20with,steel%20scrap%20in%20the%20world.  In order to contain further spread of the virus, countries around the world imposed travel restrictions and bans. This had a profound influence on the scrap metal recycling business around the world. General speculation that international metals market getting back on track; it seems that in the first quarter of the year 2021, there will be a tangible growth in the metal scrap import and export. 

It is crucial to note that amongst all other factors, high costs of the new metal resources are the driving force behind metal scrap and recycling business. The cost of metals, if not stable, is projected to rise to keep up with demand. Since the pandemic, businesses have started to aim to operate within limited budget and resources. Recycled metal is therefore going to be the only way to cope with the demand-supply chain while maintaining economical balance. 

One of the hard-hitting realities of the industries being closed for operations due to lockdown was the unemployment. A significant amount of metal scrap comes from households and local markets – great example being the Dubai scrap yards. Hence, the workforce involved in metal recycling business the local as well as international markets have restructured their business strategies and creating more employment opportunities.  

Pandemic given an opportunity to all businesses started to consider using the already available resources instead of sourcing new ones. According to Technavio, the global scrap recycling business is projected to grow at a steady 4% in the coming years. https://www.businesswire.com/news/home/20200924005435/en/

Lucky Recycling, part of the Lucky Group, has been spearheading recycling initiatives in the UAE. The organization works at all levels to ensure optimum utilization of the resources – which is now inevitably need of the hour and our only hope for sustaining post-pandemic. 

For more information please visit www.luckygroup.com.

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Is it so difficult to live an environmentally friendly life?

 A small change that can not only impact the people but also make a contribution to reducing climate change in your daily lives is truly an environmentally friendly life.  But is it really difficult to live an environmentally friendly life?

No, because there are various ways an individual can make sustainable changes that not only help the environment, but one can benefit financially, physically and mentally as well. 

If we observe the recent history, industrial and technology revolution in the past few year’s governments, businesses and individuals around the world are switching to eco-friendly lifestyles that contributes positively towards the environment and opt for more sustainable solutions like petrol vehicles  that are a major cause of global warming, mainly due to the amount of pollution it emits. In the past, petrol was the only option but now we have alternate choices. Now electric and hybrid cars are increasing in popularity as they emit must less emissions. 

Photo Reference from Pixabay copyright free image

Solar panels are an example of a renewable energy technology that uses the sun as an energy source.

Actually, there are many ways to contribute to climate change but we do not know where to begin.

Let us start from our homes as homeowners we can do plenty of things to make our homes more eco-friendly such as to open windows to let in the fresh air; open blinds to let in natural light; do not let water run while brushing your teeth; stop printing unnecessary documents; plant a tree; use energy-efficient appliances and electronics; reduce our food wastes; recycle metal cans and newspapers, etc.

Since humankind cannot decrease its dependency on metals, the only other available option is to recycle scrap metal because recycling activities not only have great environmental benefits but also help with economic growth and power conservation.

Recycling is a very cost effective procedure. Selling of scrap metals can earn your business some additional income. Scrap buyers in Dubai & waste management companies are big contributors taking a step towards eliminating waste & increasing metals recycling. Metal recycling especially has been considered a lot more because the demand for metals like aluminum, copper, steel, brass etc. has been increasing with time. This is a practice that definitely should be encouraged and practiced widely.

Recycling and environment go hand in hand complementing each other. This process saves our planet from many hazards right from pollution to the emission of hazardous gases, from saving up on the landfill spaces to helping in conserving the conventional resources. It helps a great deal to limit the need for raw materials when recycled scrap can be used as good as new for manufacturing products.

Therefore, it is a high time that these efforts are appreciated and valued and the number of people joining this cause increases. Urban miners in Dubai, Lucky Group strives continually to ensure that the metal trash is recycled efficiently.

You can contact your nearest Recycling companies in UAE and ask them to collect things from your place, or you can yourself drop them off to these places. Thus, these are a few things which can help you to do your bit towards the society and the environment.

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Stress Management at workplace during Covid-19

 In our previous blog http://blog.luckygroup.com/2020/11/will-metal-recycling-business-be-able.html,we discussed COVID 19 pandemic has hit economic activities globally thus metal recycling companies have been affected too but at the same time the Covid-19 pandemic resulting negative impact on many people’s mental health and wellbeing.

Whenever we talk about social distance or isolation which is a vital step in helping to slow the spread of this virus but on the other hand these situations linked to poor mental health outcomes due to worry and stress over the coronavirus. 

From the Census Bureau’s Household Pulse Survey which capture data on health and economic impacts of the pandemic on human’s health stated that people who were sheltering in place (47%) reported negative mental health effects resulting from worry or stress related to coronavirus than among those not sheltering-in-place (37%). Also half of the people who lost income or employment during pandemic reported negative mental health impacts from worry or stress and lower income people report higher rates of major negative mental health impacts compared to higher income people.

Organizations and businesses like Lucky Recycling within their Corporate Social Responsibility took concrete and effective measures to protect employees and their families. During this unprecedented time of uncertainty and fear it was our corporate social responsibility that organization must support the meaningful human connections until the pandemic is over.

Photo reference from Pixabay copyright free image

Good health and well-being can have a huge positive impact on employees to ensure long-term business continuity. Some good practices to manage the crisis Lucky Group has assured its employees and their employment sustainability throughout the pandemic irrespective of the external economic factors including the group also provided the better health benefits for the well-being of its employees by building all necessary safety parameters within the organization.

Metal scrap companies in Dubai that are currently going through economic recession continue to discuss and are taking further actions to alleviate the burdens of the COVID-19 pandemic which are not only affecting the Scrap metals trading business but to provide maximum resources to overcome anxiety and depression due to coronavirus which reported negative impacts on employees mental and physical health.

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Increase in Self Storage Facility – An Opportunity for Scrap Material Recyclers

Real estate is a cherished possession, especially in a country like UAE. Self-storage facilities in the country are no exception. More and more residents in the country are opting for renting the storage facilities space. This has made it a booming industry in the country. On an average, 10 square feet space can cost around AED 300 per month (https://www.selfstoredubai.com/en/prices/prices.aspx). 

According to many studies, people rent out these spaces for longer periods of time and use it to store items they do not want to part with. These items, while being locked-in and not used as frequently, holds more value for the owners and the economy – by offering scrap material for recycling; particularly scrap metals. It is a niche that offers a rewarding opportunity for scrap recyclers in the nation. 

So, what makes metal recycling in demand today? There is an ever-growing need for scrap metal. The benefits of scrap metal recycling are well known – it benefits the economy and the environment while conserving the depleting natural resources by reducing the need to mine for virgin metal ores. Not only it is economical, but it is also the need of the hour. 

While mining for metal ores and processing the metals is a time consuming and prolonged process, recycling the already-existing metal is a much simpler, quicker, and smarter alternative. A country like UAE has highly developed and modern infrastructure that is ever growing to keep up with the technology and uses huge amounts of metals in the process. This has in turn helped in increasing the employment in the sector. 

Recycling metals does not only help in creating huge infrastructures and big appliances, it is used in our day to day items like smart phones, window frames, stationary clips, etc. The raw material (recycled metals) costs a fraction compared to using virgin metals in these instances. The metals that are not recycled or not disposed properly end up in landfills. Other than pollution, the toxic chemicals in these metals pose an alarming threat to soil health, wildlife, ground water, and even humans. 

For those with self-storage facilities, it is worthwhile to check the materials stored and segregate the metal components for efficient recycling. Not only does it bring monetary gains, but also the pride and satisfaction in doing their bit in helping the planet.

A strong economy like UAE has a tight housing market – hence, people are settling for self-storage facilities. The market in UAE for self-storage facilities is growing as well as the scrap yards in its major cities, like the scrap yards in Dubai. 

Lucky Group is the leading metal recycling company in Dubai that undertakes metal recycling throughout the nation in its quest to provide best value – economically and environmentally. 

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Valuable Metal – Copper Wires

 Valuable Metal – Copper Wires

For any scrapper, possession of copper is as good as holding gold. Copper is obviously way cheaper than gold, however its mining process makes it a valuable metal. In the scrap metal  industry and in our everyday life very few metals match the value of  copper when recycled.

Copper is always booming

Copper Scrap Trading was also affected by the COVID-19 crisis but scrap metal industry is a booming sector and one of the most lucrative metals is copper.  Copper will continue to play a significant role in the overall metals market, especially in times when most of metal industries experience disruption due to pandemic. Buyers of Copper Scrap in Dubai often feel deceived with the procurement of copper at low value but if you are looking to earn money out of selling copper scrap you should know which copper scrap dealers are reliable ones; check the company’s past record and enquire about its services and fair monetary policies through its past and current customers.  

When handling copper wires…

Copper pipes and copper wires are made from same material. However, wire scrapping is little more tedious as the wire is more intricately made. It is also covered with insulation.

What state is your copper material in? The answer will play a key role in determining how much can you expect out of the sale or recycling transaction.

It is undeniable that a clean copper wire that is devoid of impurities will give you the highest return as one of the Lucky Recycling.

Many tend to destroy the rubber insulation on the copper wire with fire to avoid the difficulty of scraping it off. However, burning rubber is not recommended as it impacts the environment badly and is also illegal in some places.

Photo reference: From Pixabay copyright free image

Looking for Scrap Metals Yard in Dubai? Contact us at www.luckyrecycling.com; we will give you the right quote for your metal scrap.

Last, but not the least, burning the rubber insulation degrades the value your material thus to get good value for your copper scrap by recycling it. Apart from that the habit of recycling scrap metals instead of dumping them in large dumping grounds prevents accumulation of non-biodegradable wastes. These wastes are harmful for the environment and land, leading to its degradation.

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

 

The Commerce of the World

The markets seem to be looking up, as it had been a very tumultuous phase in the past few months. The metal scrap industry has taken necessary efforts to strengthen it and insulate itself from the global economic slowdown. It has not been very successful in the same endeavor as none of the world markets actually did well in past few months including the IT sector and other industries globally.

This resulted in indirectly affecting every facet of our lives. Also the increasing requirements of developed countries pushed people to recycle scrap metal even more. Some found it resourceful   and exciting while others collect scrap metals to earn a livelihood.

On a global scale, millions of ferrous and non-ferrous scrap is recycled on an enormous scale. By this, one can estimate the potential of metal recycling industry on a global level and the enormity of taking this subject seriously.

Recycling metal scrap is a serious topic as it aims to resolve the issue of rising demands for diminishing resources. It aims to resolve problems related to environmental sustainability and costs. These concerns, if overlooked will only pile up to become huge issues for future generations.

We, at Lucky Group, have a significant role to play in making a difference for the betterment of society, livelihood, and environment. However, we cannot achieve this without the support of all stakeholders. The people need to be informed and public organizations be cautious about selecting their recycling partner. Governments should be encouraged to select the recycling companies after a strict due diligence.

We are Dubai Scrap Trading specialists; contact us for any kind of Scrap Metals Trading.

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Recycling Talent

Undoubtedly, we all have been blessed with specific skills and creative minds.  At times, we are reluctant to use our talents but if we have courage and inspiration, we can improve ourselves and become part of a talented contributing community.

Handling of scrap metals is one of the most resourceful skills known to recycling industries. Metal recycling companies in Dubai recycle a large variety of metals. The most frequently recycled metals are scrapped iron, steel, copper and aluminium. The two main types of metals are ferrous (metals that contains iron) and nonferrous (without iron). One of the most industrial attributes of metals are that they can be recycled indefinitely, without losing much of its properties. Scrap metals are either melted down, fabricated into something new or shredded to make scrap briquettes for future use.

Recycling industries are giving an opportunity to our young talented generation by providing hundreds of people with great job opportunities as opposed to relatively dangerous jobs like mining. They invest in young local talents to drive the recycling activities not only have great environmental benefits but also help with economic growth and power conservation.

At Lucky Group, we take great pride in our highly skilled team of analytics and the years of experience that have contributed significantly to our positioning as a trusted entity among the metal scrap companies in Dubai.

We all live in a fast paced and modern world today, but little do we realize that all of this will not actually matter if there is no future and no space. Dubai is a city of talented and multinational community. It encourages people to recycle waste scrap metals to get rid of landfill garbage because pollution is man’s as well as the earth’s common enemy.

Lucky Recycling is one of the leading scrap buyers in Dubai, always concerned about the environment and streamlines its operations to be environmentally beneficial. Known for helping in educating and volunteering in most matters and events related to the environment they always make sure they deliver the best quality products to their customers in the least environmentally damaging manner. 

To know more about the Lucky Group kindly visit: www.luckygroup.com

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).

Health & Safety best practices at Recycling Facilities

The scope of recycling industry is not only associated with collecting and processing of scrap metals to make it available for manufacturing industries but also to benefit our communities and the environment at large.

Recycling companies in UAE has grown rapidly over the past decades but the question is, are we following a sustainable and a safe recycling modus operandi? 

Recycling is good for the environment but it can be dangerous for workers if we do not follow health and safety guidelines, investigate accidents at work, and make sure employers and employees are safe at work.

Urban Miner - Lucky Group is one of the most renowned companies all over the globe which is very particular about its quality of the products; likewise it is also particular about the health and safety of their employees and visitors. It follows some strict rules and regulations pertaining to the health and safety like;

1. It gives detailed training, information and instructions about the safety measures to its employees. 

2. Keeping in mind the standard and reputation of the company proper infrastructure in terms of cleanliness, accommodation, pollution and work environment is given to the employees.

3. The company has periodical updates of health and safety policies, operational procedures   and also of management process.

4. The most important factor of health and safety at Lucky Group is the missions to remain an accidental-free environment.

It is true that health and safety risks are always associated with all types of recycling activities.  Lucky Group has experienced Health and Safety officers who take care of their employees. There is a timely Health and Safety check done by HR’s and HSE managers. They see to it that whether the measures are followed properly and well executed on time.

Lucky recycling tries to reduce pollution by using sustainable resources. These companies are known for taking environmental safety measures by giving the best service to the customers.

For more information visit us at http://www.luckygroup.com

Disclaimer: This article(s) has been prepared solely for information purpose, using publicly-accessible sources that are believed to be accurate and reliable at the time of publishing. LUCKY GROUP accepts no liability whatsoever for any loss or damage resulting from the use of information, images or opinions expressed in the report. LUCKY GROUP does not give warranty of any kind regarding the completeness, accuracy and reliability of the information included in the article(s).