Peikai Song, vice president of China Aluminum Corporation, said that China's scrap aluminum recycling rate is currently 32%, but will quickly increase to 70%.
He said that China's aluminum industry is in a stage of rapid development. The government, enterprises, and the public have greatly improved their understanding of the importance of the aluminum recycling industry.
He also stated that China's waste aluminum recycling industry will bring business opportunities to investors and foreign companies. China recycled waste aluminum in 2001 for a total of 918,000. 1998 was 536,000.
In 2001, the output of primary aluminum in China was 3.43 million. In 1998, it was 2.42 million. During the same period, consumption was 3.65 million and 2.42 million respectively.
According to Jurg Gerber, chairman of the International Aluminum Association’s Global Aluminum Recycling Committee, the potential for aluminum recycling in China is huge. He said that the global aluminum inventory is estimated to be between 3-5 billion, growing at a rate of 2.1 million per year.
He said that China's aluminum industry is in a stage of rapid development. The government, enterprises, and the public have greatly improved their understanding of the importance of the aluminum recycling industry.
He also stated that China's waste aluminum recycling industry will bring business opportunities to investors and foreign companies. China recycled waste aluminum in 2001 for a total of 918,000. 1998 was 536,000.
In 2001, the output of primary aluminum in China was 3.43 million. In 1998, it was 2.42 million. During the same period, consumption was 3.65 million and 2.42 million respectively.
According to Jurg Gerber, chairman of the International Aluminum Association’s Global Aluminum Recycling Committee, the potential for aluminum recycling in China is huge. He said that the global aluminum inventory is estimated to be between 3-5 billion, growing at a rate of 2.1 million per year.
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