Orbex launches world's first marketplace for authenticated recycled metals
LONDON and CHICAGO, May 23, 2023 /PRNewswire/ -- In response to the growing pressure on businesses to prioritize environmental responsibility and develop more sustainable supply chains, Orbex has launched the world's first marketplace for globally-recognized authenticated recycled metals.
- LONDON and CHICAGO, May 23, 2023 /PRNewswire/ -- In response to the growing pressure on businesses to prioritize environmental responsibility and develop more sustainable supply chains, Orbex has launched the world's first marketplace for globally-recognized authenticated recycled metals.
- The demand for secondary metals is predicted to overtake primary metals within the next 20 years, with a market value potentially reaching up to $500bn by the end of 2024.
- Despite this, there is no globally-recognized, standardized authentication process to verify the origin of recycled metal and track its use through the supply chain.
- "Orbex is the first piece of critical trading infrastructure and will remain the original and most trusted source for secondary metals.