ElvalHalcor emphasizes the importance of recycling aluminum and copper scrap for maintaining competitiveness in Greek and European industries, addressing issues related to the leakage of these materials outside Europe.
ElvalHalcor, a leading Greek company, is at the forefront of efforts to limit the leakage of critical secondary raw materials outside of Europe, particularly aluminum and copper scrap. This issue has become increasingly relevant as the European Union seeks to secure its supply of critical minerals and reduce dependency on imports. ElvalHalcor has actively contributed to a position paper from the European Aluminum Association, which calls for the swift adoption of effective trade measures to prevent the export of aluminum scrap out of the EU.
The company has engaged with the European Commission and local authorities through the Greek Aluminum Association to advocate for regulatory support. The sustainability benefits of recycling are underscored, as it reportedly saves 95%-85% of the energy required compared to the production of primary aluminum and copper. Thus, ElvalHalcor's initiatives not only aim to safeguard the industry's interests but also promote energy efficiency and environmental responsibility.
This development reflects a broader concern within the EU regarding the security and sustainability of its industrial supply chain. By highlighting these challenges and promoting recycling, ElvalHalcor is not only positioning itself as a leader in the sector but also contributing to the EU's strategic objectives of maintaining competitiveness and reducing environmental impact in manufacturing processes.
