Dec 18, 2017
Foundry-Planet.com - Aluminum Recycling in India Has a Great Future
India’s demand for recycled aluminum will increase by 8-10% per year, mainly boosted by the rapidly-growing automotive industry in India, according to Akshay Agarwal.
Agarwal, the Executive Director of Century Metal Recycling, a major producer of aluminum and zinc die-casting alloys and India’s largest aluminum scrap importer, told attendees at the meeting of the BIR Non-Ferrous Metals Division in New Delhi “This growing scrap appetite will be met primarily by increased aluminum scrap imports.”
Recycled aluminum accounts for 30% of India’s overall aluminum consumption. In the past six years, recycled aluminum demand has nearly doubled to 1.1 million tons, 90% of which is imported. By 2021, demand is expected to reach 1.5 million tons.
In 2016, around 120,000 tons of aluminum scrap was generated in India, 75% of which came from the automotive and power industries. Although India’s domestic scrap market is fast-growing, it still may have a long way to go, according to Agarwal. “There are largely unorganized scrap collection and insufficient awareness, leading to a major proportion of scrap going to landfill rather than recycling,” he said.
New initiatives are underway to increase recycling in India, including the first car dismantling facility, which is scheduled to open by the end of 2017. This will be shortly followed by the opening of the country’s first car shredder. These were described by Agarwal as “baby steps to a future where you may abort scrap import dependency”.
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