Core Insights - The production of major recycled non-ferrous metals in China is projected to grow from 15.72 million tons in 2021 to 19.15 million tons in 2024, with a compound annual growth rate of 6.8% [1] - The industry is experiencing structural optimization and increased scale due to supportive policies, with an annual investment growth rate of 30% [2] - The total revenue of the top 30 companies in the recycled non-ferrous metal sector has exceeded 390 billion yuan, indicating strong support for quality improvement in the industry [2] Production and Growth - In the first seven months of this year, the production of major recycled non-ferrous metals reached approximately 11.5 million tons, a year-on-year increase of 4.55% [1] - The recycling volume of major waste non-ferrous metals was about 9.35 million tons, up 4.8% year-on-year [1] - The import volumes of recycled copper and aluminum raw materials were 1.336 million tons and 1.173 million tons, showing a slight decrease of 0.8% and an increase of 8.4% respectively [1] Industry Challenges - The industry faces challenges such as fragmented recycling networks, slow technological updates in small and medium enterprises, and a lack of innovation capabilities [2] - The overall R&D investment in the industry remains low, with a long technology conversion cycle and insufficient strategic platforms for innovation [2] Technological Innovations - Encouragement for the development and application of AI waste identification systems, efficient sorting processes, and advanced recycling technologies for various materials [3] - Promotion of a green supply chain cooperation plan and the establishment of a product lifecycle management system [3] - Implementation of smart systems in recycling and production processes, utilizing technologies like RFID and blockchain for tracking and certification [3] Policy and Support Mechanisms - The Ministry of Industry and Information Technology emphasizes the need for a collaborative approach in policy-making, information sharing, and risk-sharing to support the real economy [4] - Initiatives include building a national platform for industry-finance cooperation and guiding social capital towards the recycled non-ferrous metal industry [4]