Recycling value of scrap metal in China 2018-2023

Published by
Daniel Slotta,
Nov 7, 2024

In 2023, China saw the recycling of over 666 billion yuan worth of scrap metal, the highest value among recycled materials. Steel and aluminum are the most recycled materials in the world because they can be reused multiple times. In contrast, despite the high prevalence of batteries in the economy, only 610 thousand metric tons of batteries had been recycled in 2023.

Value of recycled scrap metal in China from 2018 to 2023 (in billion yuan)

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Release date

July 2024

Region

China

Survey time period

2018 to 2023

Supplementary notes

Figures for earlier periods were taken from previous reports.

One yuan equals 0.14 U.S. dollars and 0.13 euros (as of November 2024)

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