Follow the Money in Metals Recycling - Why the Big Miners Are Jumping In
Investorideas.com has released the second part of its series on the expanding metals recycling industry, highlighting the increasing interest from large mining firms. Greenwave Technology Solutions (NASDAQ: GWAV) has strengthened its infrastructure, anticipating record revenues exceeding $40 million in 2024, driven by its facilities in Cleveland, OH, and Virginia Beach, VA. The company has completed a multi-year capex cycle, investing over $15 million in infrastructure, including a new automotive shredder expected to double its ferrous metal output and enhance revenue by 25-30%. Major mining companies like Anglo American, Rio Tinto, and Glencore are entering the recycling sector, with notable investments in projects like Lifezone Metals' Kabanga Nickel Project. The global market for recycled metals is expected to grow significantly, driven by increasing demand for sustainable practices and regulatory requirements.
- Greenwave Technology Solutions expects record revenues exceeding $40 million in 2024.
- Completion of a multi-year capex cycle with over $15 million invested in infrastructure.
- New automotive shredder anticipated to double ferrous metal output and increase revenue by 25-30%.
- Major mining companies investing in metal recycling, indicating industry growth potential.
- Market for recycled metals projected to reach USD 767.9 billion by 2029.
- Potential delays in the operation commencement of new shredder due to pending electrical infrastructure completion.
- Increased competition from major mining companies entering the recycling sector.
Insights
The growing demand for metals like copper and the involvement of big mining companies in metal recycling indicate a significant industry shift. This trend is driven by factors such as the expected doubling of copper demand by 2035, fueled by green technologies and AI investments. This supply-demand imbalance makes recycling a important strategy for the future. Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) is positioning itself well in this context, with its strategic investments and infrastructure developments. The company's expected
Rating: 1
The involvement of major mining players like Anglo American and Rio Tinto in metal recycling signifies a strategic pivot towards sustainability and resource efficiency. This investment trend highlights the importance of recycling in mitigating supply constraints and enhancing environmental responsibility. The projected market growth, with the recycling sector expected to reach
Rating: 1
The focus on metal recycling addresses critical environmental concerns, including the depletion of non-renewable resources and the high emissions from traditional mining. Recycling metals like copper, lithium and PGMs (Platinum Group Metals) offers a more sustainable and efficient alternative. Companies like Lifezone Metals and Albemarle Corporation are pioneering cleaner technologies, such as hydrometallurgical processes, which are environmentally friendlier than traditional smelting. These efforts align with increasing regulatory demands and consumer preferences for sustainable practices. For investors, the environmental benefits translate into potential regulatory compliance and market preference advantages, making it a sound long-term investment consideration.
Rating: 1
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - June 20, 2024) - Investorideas.com. a go-to platform for big investing ideas issues the second half of a two -part series looking at metals recycling. The snapshot covers the growing demand and why big mining names are investing in the space, featuring Greenwave Technology Solutions, Inc. (NASDAQ: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio.
Read the full article at Investorideas.com
https://www.investorideas.com/News/2024/renewable-energy/06200Metals-Recycling.asp
As demand for copper and other metals continues to rise, supply becomes a big issue. Just looking at copper alone, a recent forecast said, "Copper demand could double by 2035. The main drivers are the revival in demand from Chinese manufacturers, the rebound of the global economy and the boom in investments in green technologies (e.g. renewables and electrical vehicles) and in AI technologies."
Continued: Supply is expected to grow but not as fast as demand. This is primarily due to two factors: the time required for new mine construction and the ageing of already existing mines.
Looking at the time lines, big names in mining are investing in the future of recycling in addition to the current players focusing strictly on recycling.
Greenwave Technology Solutions, Inc. (NASDAQ: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina and Ohio say on their website, "SCRAP IS THE NEW PRECIOUS METAL."
Earlier this week, Greenwave announced that it has completed its recapitalization and is on track to generate record revenues in excess of
In May, Greenwave reported that it is expecting to generate revenues exceeding
"With a significantly strengthened balance sheet, I believe Greenwave is well positioned for the next phase of growth," stated Greenwave CEO, Danny Meeks. "The investments we've made in Greenwave's infrastructure will facilitate significant growth in our copper and steel processing capacity, which we anticipate will create significant shareholder value."
For its 2024 outlook, Greenwave says on its website, "The installation of Greenwave's second automotive shredder at its Carrollton facility to process cars, household appliances and industrial products in now complete. The shredder is expected to commence operation as soon as the electrical infrastructure is completed. Greenwave's second automotive shredder is expected to come online this quarter and double the Company's ferrous metal output. By selling its ferrous metal as shredded rather than unshredded, Greenwave generates approximately 25
"The completion of Greenwave's second automotive shredder concludes its multi-year capex cycle, under which the Company has invested more than
Big miners are also following the money trail and getting into the metals recycling game, including Anglo American, Rio Tinto and Glencore plc. .
As the Financial Post reported, "A US
"But the mining giant's Chief Executive, Jakob Stausholm will tell you that Rio's recent purchase of a 50-per-cent stake in Brampton, Ont.-based Matalco Inc., a recycler of aluminum, is key to his company's future and helped fill a gaping hole in its business."
Getting the attention of some of the top mining investors, Lifezone Metals, with a mission to provide cleaner and more responsible metals production and recycling, announced earlier this year, the signing of a binding subscription agreement for the issuance of US
From the news: Proceeds will be used to continue activities at Lifezone's flagship Kabanga Nickel Project, located in north-west Tanzania. Kabanga is believed to be one of the world's largest and highest-grade undeveloped nickel sulfide deposits. The Kabanga Definitive Feasibility Study is on-track for completion in Q3 2024.
Last December, Lifezone announced the signing of a term sheet with a subsidiary of Glencore plc. for a platinum, palladium and rhodium (collectively platinum group metals or "PGMs") recycling project utilizing Lifezone Metals' hydrometallurgical technology ("Hydromet") to be based in the USA.
From the news: Phase 1 confirmatory piloting work has commenced in Perth, Australia using Hydromet to process and recover PGMs from responsibly sourced spent automotive catalytic converters.
From the news: Mr. Showalter stated, "By applying our Hydromet technology, we aim to responsibly recover platinum, palladium and rhodium from recycled sources in a cleaner and more efficient manner than otherwise possible through traditional smelting and refining. Following our acquisition of Simulus Labs in July, where we acquired the preeminent hydrometallurgical testing and engineering design group, we gained the capability to simultaneously advance our Kabanga Nickel Project through the continuing Definitive Feasibility Study while also investigating other important applications of our core Hydromet technology."
Albemarle Corporation, a leading provider of lithium, bromine and other essential elements. reports on its site, "As a market leader in battery grade lithium products, Albemarle and our R&D teams are committed to the development of an effective circular battery economy across the globe."
Continued: The continued adoption of batteries for Mobility and Energy will require the deployment of technologies and infrastructure to incorporate spent batteries back into the supply chain. Recycled battery material drives more sustainable practices and improves resource security. The European Union has stipulated that by 2031 all batteries must contain
Continued: Recycling enables a closed-loop supply chain and comprises a series of steps that breaks down spent batteries into black mass, separates the different metal streams, and ultimately upgrades the waste streams into precursors for cathode manufacturing. We are using our expertise in refining lithium into high-purity products to get lithium sulfate from black mass back into the battery supply chain.
Grandview Research reports, "Growing environmental concerns about depletion of non-renewable resources, increasing harmful emissions from manufacturing plants, and improper waste disposal have led to the growth of the recycling industry, of which metal recycling constitutes a major part. Factors such as regulations about mining ores and increasing raw material prices are propelling the demand for recycled metal. The product reduces the manufacturing cost significantly, this benefit is further favoring its market growth."
With big money at the table, and according to Researchandmarkets, the market projected to reach USD 767.9 billion by 2029, this sector is one to watch!
Read part one of the series at Investorideas.com
https://www.investorideas.com/news/2024/renewable-energy/06181Recycling-Metal-Stocks.asp
Research more green stocks with Investorideas.com free stocks directory
https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
About Investorideas.com - Big Investing Ideas
Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.
Disclaimer/Disclosure: This article featuring Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) s is a paid for content service on Investorideas. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow us on X @investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact Investorideas.com
Dawn Van Zant and Cali Van Zant
800 665 0411
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213485
FAQ
What is Greenwave Technology Solutions' revenue expectation for 2024?
What recent infrastructure investments has Greenwave Technology Solutions made?
How will Greenwave's new automotive shredder impact its revenue?
Which large mining companies are investing in metal recycling?
What is the projected market size for recycled metals by 2029?
