Category: Business News
The prominence given to environmental issues of late has placed a harsh spotlight on the commodities sector. The planet’s raw materials are finite, and harvesting them can often be cheaper than recycling. The environmental cost is usually ignored.
Nevertheless, the aluminium industry has not performed too badly in terms of sustainability. A staggering 75 percent of all the aluminium ever produced is still in use today. Still, demand for the metal is growing at such a rapid rate that mining projects continue to be an important source of the commodity. According to market research firm IndustryARC, the global demand for aluminium is set to expand by a compound annual growth rate of 4.2 percent between 2019 and 2025.
Given that global demand cannot be satisfied by recycled aluminium alone, a great deal of environmental responsibility still resides with mining firms producing this valuable commodity. One of the world’s largest, Norsk Hydro, employs 35,000 people across 40 countries and is present across all continents.
Read entire article HERE.