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India has emerged with one of many highest recyclability charges globally for copper attributable to excessive assortment effectivity and minimal loss throughout remelting -
As of as we speak, 15 million tons of copper is actively in use throughout numerous functions in India
In a strategic collaboration with the Fraunhofer Institute, Germany, International Copper Association India (ICA India), as we speak introduced the launch of “India’s Copper Stock and Flow Model”. This pioneering initiative goals to unravel the complexities of India’s copper panorama, protecting mining, manufacturing, end-of-life scrap technology, and recycling.
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Copper scrap earlier than recycling
Copper, acknowledged as a Critical Mineral, is on the forefront of India’s strategic focus to develop sustainable exploration, processing, recycling and thereby, to achieve an “Aatmanirbhar” progress. The unveiled mannequin addresses a vital hole in comprehending India’s recycling panorama, together with lively copper inventory, end-of-life scrap technology, and recycling and assortment charges. By addressing these questions, the mannequin empowers policymakers, buyers, and stakeholders to make knowledgeable choices, formulate efficient insurance policies, and contribute to a extra sustainable and environment friendly copper cycle.
On the launch of the Stock and Flow Model, Mr. Mayur Karmarkar, Managing Director, ICA India stated, “The stock and flow model not only enhances the accuracy of copper recycling data but also carries profound implications for policymakers. This will help the policymakers gain invaluable insights and develop data driven copper resource strategy. The model’s scientific foundation enables a deeper comprehension of the copper market, facilitating the crafting of policies that are not only effective but also tailored to the nuances of the supply chain.”
ICA India’s complete Copper Stock and Flow Model for the monetary 12 months 2021 has been developed utilizing a meticulous top-down & bottom-up method. Rooted in historic information on copper consumption relationship again to 1910, this revolutionary mannequin integrates info on semi-finished items manufacturing and end-use sectors, providing a panoramic view of copper dynamics. The mannequin’s revelations for India are putting because it highlights that India boasts an lively copper inventory of 15 million tons throughout functions like buildings, infrastructure, trade, client home equipment, equipment, and computer systems. In FY21 alone, 1.1 million tons have been added to this dynamic inventory.
The mannequin’s functionality to estimate end-of-life (EOL) scrap technology is of specific significance. EOL estimates are based mostly on historic information and trade insights indicating the tempo at which every merchandise attain retirement and remodel into potential scrap. Using this system, the India Copper Stock and Flow Model discerns {that a} noteworthy 380,000 tons of copper, sourced from discarded or end-of-life merchandise, turned obtainable for recycling in FY21.
The research additionally revealed that that secondary copper, derived from the recycling of scrap each home and imported together with completed merchandise, at present fulfils over 50 per cent of India’s copper wants. This is a vital info for policymakers and the trade as estimating the worth of secondary copper has been a problem. This mannequin additionally underscores the significance of information assortment and recycling within the nation’s copper provide chain. Notably, India boasts one of many highest recycling charges (proportion of EOL copper scrap that will get recycled and reintroduced into the system) globally, starting from a formidable 95.1 per cent to 99.4 per cent. This may be attributed to the excessive assortment effectivity of discarded copper, the popularity of copper’s excessive worth throughout the complete worth chain, and minimal copper loss throughout the remelting course of.
Traditionally, copper recycling information has been a realm of uncertainty, typically counting on guesstimates that fall wanting offering a complete understanding of market dynamics. On the opposite hand, the copper inventory and move mannequin, is a scientific estimate that makes use of a rigorous and data-driven methodology, in flip driving away ambiguity surrounding information pertaining to copper’s life cycle.
About ICA India (International Copper Association)
The International Copper Association India (ICA India) is a member of Copper Alliance and the Indian arm of the International Copper Association Limited (ICA), the main not for revenue group for the promotion of copper worldwide arrange in 1959. ICA has been working since 1998 in India and has constructed an lively affiliation with the rising variety of copper customers by way of its packages. ICA India Programs are dedicated to enhancing the standard of life by way of higher Electrical Safety, Energy Efficiency, Clean Energy and Sustainability. ICA India’s efforts have been pivotal to advancing higher requirements, throughout numerous merchandise, functions, and industries, by leveraging upon the superior technical efficiency of copper.
