【财经分析】“城市矿山”潜力几何？政策与市场共促再生金属产业升级

Group 1: Industry Overview - The Chinese government has introduced multiple policies to support the development of the recycled metals industry, predicting that the proportion of metal raw materials from recycling will continue to rise, potentially becoming dominant in sectors like new energy [1][2] - The concept of "urban mining" refers to recyclable resources embedded in various waste carriers, including steel, non-ferrous metals, precious metals, plastics, and rubber, which are increasingly recognized for their resource security and low-carbon properties [2][3] Group 2: Policy Support - In June, the Ministry of Ecology and Environment and the General Administration of Customs announced that from August 1, compliant recycled black powder for lithium-ion batteries would no longer be classified as solid waste and could be freely imported [3] - The "reverse invoicing" policy allows qualified recycling enterprises to issue invoices to individuals selling scrap products, addressing long-standing issues related to the lack of documentation in the recycling sector [3] Group 3: Company Performance - Leading companies in the recycled metals sector, such as GEM Co., Ltd., are focusing on key metal recovery, with projected recoveries of 20,000 tons of nickel, 10,000 tons of cobalt, and 6,500 tons of tungsten in 2024 [2][4] - GEM Co., Ltd. reported a revenue of 17.561 billion yuan in the first half of 2024, with key metal resource recycling contributing 6.467 billion yuan, accounting for 41.76% of total revenue [4] Group 4: Supply Chain and Raw Material Sourcing - Stable raw material supply is crucial for the development of recycled metal enterprises, with companies like Yiqiu Metal Resource Recycling focusing on building a global aluminum procurement network [5] - Camel Group Co., Ltd. has established a nationwide network for the recycling of waste lead-acid batteries, ensuring a stable supply of lead for battery manufacturing [6] Group 5: Industry Challenges and Recommendations - The recycling market faces challenges from informal operations that undercut larger, compliant enterprises, prompting calls for stricter regulation and the establishment of a "white list" of qualified companies [7] - Companies advocate for enhanced international cooperation to expand resource acquisition, suggesting that the government refine import standards for high-value, low-pollution metal waste [8]