An increase in the demand for non-ferrous metals, such as copper, is expected as a result of various developments within our data society and the spread of renewable energy and electric vehicles. As the supply of natural resources is limited and concern for the future stability of supply chains greatens, however, the recycling of metals from used products becomes ever more crucial in order to meet the increasing demands of combining both recycling and natural resource supply.
JX Advanced Metals promotes efforts to create added value by balancing resource circulation and decarbonization as a way of realizing a circular economy within the non-ferrous metals industry. In the copper business, for example, JX has formulated what is called the Sustainable Copper Vision, which indicates measures aimed at the sustainable supply and development of copper. It also promotes “green hybrid smelting” with the goal of increasing the ratio of recycled materials to 50% by the year 2040, while also co-creating resource circulation models with stakeholders through the introduction of a new supply scheme for 100% recycled electrolytic copper.
Furthermore, JX will contribute to building a sustainable society through the development of advanced materials with durability and high functionality, technological innovation through collaboration with universities and companies, and the development and commercialization of closed-loop recycling technology for used lithium-ion batteries.
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