The EU’s recycling system is being weaponised against the bloc by Chinese buyers snapping up aluminium scrap, smelting it and exporting it back to Europe as newly produced metal, according to the industry’s largest recycler.
Emilio Braghi, executive vice-president of Novelis, told the Financial Times the sector risked what he described as terminal decline unless Brussels acted on its pledge to curb the export of scrap to Asia and the US.
“We have lost primary production. Now we are at risk of losing aluminium scrap,” he said, noting that Europe would be unable to meet its own environmental goals if this was the case.
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