Se-cure Waste Management (SWM) has been featured together with other recycling members within the industry, for our take on the current situation with the global metal prices trending downwards, the growth within the industry, profitability and future.

SWM highlighted that we are able to process up to 6,000MT per annum, electric vehicle (EV) batteries inclusive. We have reached our full capacity and are currently in search of larger space to increase our processing capacity to better serve the market.

The recycling business experiences similar cyclical trends in-line with that of the economy, and are affected by the declining prices of metal and metal salts. During this period, SWM continues to explore new markets, review internally to drive effective cost management and diversifying our service offerings. It is important for us to monitor economic cycles and adjust our strategies for revenue generation, cost management and risk mitigation so as to position ourselves for long-term success.

With the global attention shift towards sustainability and energy transition, the demand for recycled battery material is expected to increase but not without challenges – increased ESG risk and hence stricter requirements, it Is becoming increasingly challenging to obtain permits and licenses. However, with the scarcity of critical minerals, the world will seek to maximize available resources to achieve energy transition goals. We foresee recycling having a key role to play in the development of a circular economy.

The full article in Chinese Language – https://www.zaobao.com.sg/finance/singapore/story20240901-4551621?gift=1083bde0-1e78-4585-92b2-1c16649f9aca