India aims to upgrade its automotive recycling sector
Based on the recent projection that there will be more than 21 million end-of-life cars in India by 2025, the country’s environment ministry has reportedly started advocating a ‘high focus’ on recycling in the automotive sector. The ministry wants to set up a network first consisting of 20 official automotive recyclers across the country.
To start car recycling in India, the government is proposing a recycling target of 75 per cent to 90 per cent for vehicles, depending on the manufacture of the year. This is a drastic change in India’s car recycling sector, given the fact that the vehicle recycling sector in this country primarily consists of small off-the grid players extracting functioning spare parts. Therefore, the official recycling rate is less than 30 per cent.
The government’s draft proposal includes a 3-year action plan and implementation strategy across seven major sectors; automotive, plastic packaging, building and construction, electrical and electronic equipment, solar photovoltaic, and steel and aluminium.
India extracts 1580 tonnes worth of raw materials per acre annually. This is ‘significantly higher’ than the world average of 450 tonnes per acre, the environment ministry urges.
Its report underlines that material consumption in India increased from 1.18 billion tonnes in 1970 to seven billion tonnes in 2015. This figure is projected to more than double by 2030.
source: Alcircle
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
