China’s Recycling Push Risks Weighing Down Demand for Metals
While the industry is banking on a recent stimulus blitz to give it a boost, efforts to reuse commodities might prove more consequential.
Scrap metal being loaded onto a barge in Hong Kong.
Photographer: Paul Hilton
Welcome to our guide to the commodities powering the global economy. Today, reporter Alfred Cang looks at what a new effort by China to boost recycling could mean for metals markets. Check out today’s Big Take on hedge funds piling up bets against a greener future. To get this newsletter in your inbox, you can sign up here.
China’s barrage of stimulus during the past few weeks has given metal bulls reason to hope that authorities can succeed in juicing demand for everything from iron ore to copper and aluminum.