Today, the way metal is recycled is not only expanding but evolving, and a major contributor is the investments and innovations within the fast-growing waste and recycling industry. Recycling companies are constantly developing new ways of improving their processes and techniques. For example, a Finland-based has developed a new way to extract copper, titanium, and niobium from any hospital magnetic resonance imaging (MRI) scanners that have reached the end of their useful life. Another firm has created a Compact Redwave XRF/C technology that can reduce scrap costs using X-ray fluorescence sorting. This technology also uses advanced software algorithms to differentiate between desirable and undesirable elements.
Besides, intelligent sorting systems to help in the sorting and upcycling of non-ferrous scrap are creating opportunities in the scrap metal recycling market. The intelligent sorting systems allow high throughput of feedstock for sorting of metals as well as alloy composition through a combination of AI/ML image processing and sensor fusion technologies.
According to a recent industry report, the global metal recycling market size is projected to grow from USD 52.1 billion in 2020 to USD 76.1 billion by 2025, at a CAGR of 7.8 percent from 2020 to 2025. The market is projected to escalate in line with the growth of various end-users of metal recycling across the globe.
To help companies find the right metal recycling partner, Metals and Mining Review has compiled a list of leading metal recycling that are changing the industry’s status quo with their innovative offerings. The enlisted firms are transforming the recycling processes at the convergence of several disruptive technologies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Metals and Mining Review’s “Top 10 Metal Recycling Companies – 2021.”
