The latest recycling data, released by the Environment Agency today, reports the strongest ever quarter for aluminium packaging.
According to the data, just under 30,000 tonnes of aluminium packaging was recycled in quarter 3, and year to date, recycling is up by 6% (81,286 v 76,582 tonnes) when compared to the same period last year. Most importantly, it is well on course to achieve this year’s target (108,919 tonnes) with likely additional volumes available to be carried forward into 2020.
Rick Hindley, Executive Director, of the Aluminium Packaging Recycling Organisation (Alupro) commented:
‘We are optimistic, following a disappointing Q2, that this year’s target will be met and anticipate that there should be more than enough evidence to allow producers to meet their obligations. As a result, we expect the unjustifiably high Packaging Recovery Note (PRN) price will start to fall to more realistic levels. Historically, aluminium PRN prices have been below £30 per tonne, yet currently aluminium PRN’s are trading, on the spot market, at around £450 per tonne.’
While aluminium is now in a positive position, we continue to urge the Government to make short-term changes to the PRN system, pending the reform of producer responsibility system, to ensure that PRN prices stabilise at a realistic level and to ensure that monies raised through the system are invested to boost recycling levels as intended.