Halting the export of aluminum scrap outside Europe
The European aluminium sector is urging the EU to implement measures that prevent the export of aluminium scrap outside Europe to enhance sustainability and resource retention.
The European aluminium sector is currently under threat due to the potential loss of aluminium scrap resources as the European Commission prepares to introduce new measures aimed at reducing the export of these materials outside the EU. With high prices driving a significant increase in scrap volumes being exported, the industry faces challenges affecting both economic viability and environmental goals. This situation necessitates a strategic response to combat unfair market practices and mitigate risks associated with diminished resources and increased reliance on bauxite imports.
As the aluminium industry grapples with rising costs and a shortage of affordable scrap inputs, investment in recycling operations has come to a standstill. Approximately 30 companies that account for 65% of the aluminium recycling capacity within the EU are struggling financially. This precarious situation could lead to irreversible damage to the recycling infrastructure and deter further investment unless immediate measures are introduced by the EU to stabilize the market and maintain the sustainability of the aluminium sector.
The implications of not addressing these challenges extend beyond economic considerations, hinting at broader environmental impacts and the EU's competitiveness in the global market. If the Commission fails to act decisively, it risks jeopardizing not only the stability and growth of local recycling facilities but also the achievement of long-term environmental goals tied to the aluminium industry's sustainability. The stakes are high as immediate and effective policies are necessary to secure the future of the sector and preserve vital resource integrity within the Union.