Europe misses out on €78 billion in value from aluminum, plastics, and steel products, typically due to these materials not being recycled at all or from the products sustaining downgraded effects after a cycle of use. These lost materials could supply 64 percent of EU production for the same materials today if they made it to recycling facilities.
![Squandered fortunes](/~/media/mckinsey/featured%20insights/charting%20the%20path%20to%20the%20next%20normal/2022/sept/gifs/cod-circulareconeurope-v7-ex3-vc-shrunk-timed.gif)
To read the article, see “How a ‘materials transition’ can support the net-zero agenda,” July 20, 2022.