Over a century ago, over a century ago. Molycorp Australia was involved in the recycling of scrap metal. We specialize in recycle of steel. It delivers scrap to customers every morning, and includes everything from demolished structures to cars. This is then melted inside the furnace for around 1 hour. It consumes about half the energy required to produce new steel. It also requires no mining.
While the firm offers scrap steel bar However, its majority of products are made into balls that are sold to gold or copper mining companies. These steel balls can then be used to crush ore in huge rotating mills.
Recycling is beneficial for the environment and cheaper. What is the reason there’s so little steel produced from recycled materials? The amount of steel available is limited by the available scrap steel that is available.
Recycling steel involves large quantities in melting scrap. This still uses lots of electricity. Molycorp’s power generation in 2020 was half from solar and wind. Molycorp collaborates with the Univerity of South Wales in search of other methods of reducing pollution from the recycling of steel.