Follow the Money in Metals Recycling - Why the Big Miners Are Jumping In

Core Insights - The article discusses the increasing demand for metals recycling, particularly copper, driven by the revival of the global economy, investments in green technologies, and AI technologies. It highlights that copper demand could double by 2035, while supply growth is expected to lag behind due to the time required for new mine construction and the aging of existing mines [2][3]. Company Insights - Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) is positioned as a key player in the metals recycling industry, with operations in Virginia, North Carolina, and Ohio. The company has completed its recapitalization and anticipates generating record revenues exceeding $40 million in 2024, primarily from steel and copper processing [3][4]. - Greenwave's second automotive shredder is expected to double its ferrous metal output, generating approximately 25-30% more revenue with profit margins exceeding 60% by selling shredded ferrous metal [4][3]. - The company has invested over $15 million in infrastructure and equipment over the past 18 months, concluding a multi-year capital expenditure cycle aimed at significantly increasing its processing capacity [4][3]. Industry Trends - Major mining companies, including Anglo American, Rio Tinto, and Glencore, are increasingly investing in metals recycling to address supply challenges and capitalize on the growing market [4][5]. - The recycling industry is projected to reach USD 767.9 billion by 2029, driven by environmental concerns, regulations on mining, and rising raw material prices [11]. - The European Union mandates that by 2031, all batteries must contain 6% recycled lithium material, increasing to 12% by 2036, indicating a strong push towards a circular economy in battery production [10].