Core Viewpoint - Greenwave Technology Solutions, Inc. is poised to benefit significantly from the recent 25% tariffs on steel and aluminum announced by President Trump, which are expected to drive up demand and prices for U.S. scrap metal [1][3]. Company Overview - Greenwave operates 13 metal recycling facilities and supplies 100% domestically-sourced metals to leading steel mills and industrial partners [4]. - The company is strategically located in Virginia, North Carolina, and Ohio, positioning it at the center of the evolving dynamics in the U.S. steel and metals industry [3][4]. Industry Dynamics - The U.S. steel and metals industry is shifting towards domestic sourcing, which is anticipated to increase demand for recycled metals and expand profit margins for companies like Greenwave throughout fiscal year 2025 [3]. - The surging demand for scrap metal is a direct result of the newly imposed tariffs, which are expected to create a favorable market environment for Greenwave [1][3].
Greenwave Technology Solutions, Inc. Chief Executive Officer Danny Meeks to be Interviewed on BNN Bloomberg at 3:05pm EST Today