Belgian recycler Comet invests €244M in strategic metal production

Comet, a Hainan-based recycling group, announced a €244 million investment by 2032 to enter strategic metal production, including copper and high-quality scrap, backed by Belgian state investors SFPIM and Wallonie Entreprendre. The move signals a shift from recycling to upstream production, likely to bolster domestic supply chains for critical metals in Europe. Details on capacity and timeline remain sparse, but the investment underscores growing state support for strategic resource independence.