As an integral part of China's energy-saving and environment protection mission, the resources recycling industry, chiefly represented by nonferrous metals recycling, has been listed as one of China's strategic emerging industries.
However, the growth of China's nonferrous metal recycling industry is quite slow, due mainly to inefficient recycling systems, restrictions on imports of raw materials, and the comparatively limited capacity of domestic companies in the field, observed experts.
Industry insiders believed that nonferrous metals recycling industry is promising in China, though there are still some factors limiting its development now.
The recycling of resources such as nonferrous metals has become an inevitable choice of the country to meet the fast expanding demand for resources driven by its rapid economic development.
Liu Qiang, vice chairman of China National Resources Recycling Association (CRRA), pointed out that the development of nonferrous metals recycling offers a key to alleviating the present pressure on resources shortages and to ensure the security of resources.
China's demand for resources expands day by day. It is estimated that the country's combined consumption of four basic metals ? copper, aluminum, lead, and zinc ? will reach 43.80 million metric tons (tonnes) by the end of 2015, at a rapid annual growth rate of 7.33 percent. The country's dependence on metals imports has also been growing dramatically, according to Liu.
Qiu Dingfan, a member of the Chinese Academy of Engineering, holds that the recycling of nonferrous metal can not only save resources and lower energy consumption, but generate considerable profits and tax revenues, as well as abundant employment opportunities.