Italy is experiencing a period of great national energy and enthusiasm, observes Milan-based Leopoldo Clemente of LCD Trading . ‘The Winter Olympics has generated a cohesion not experienced in a long time,’ says Clemente in the latest Non-ferrous Mirror published by the Bureau of International Recycling. ‘We might call it a double adrenaline rush given what is happening on the LME, with its constant fluctuations and challenges to daily life.’
The Milano Cortina 2026 Olympic and Paralympic Games represent a significant driver of economic and infrastructural development, with an estimated overall economic impact of over EUR 6 billion. ‘It has been an accelerator of investment aimed at transforming the Alpine region and the host cities into a competitive hub,’ adds Clemente, ‘improving the transportation network and tourism offerings.’
Lower revenues
Meanwhile, revenues for family businesses are slowing but remain higher than those of other companies, as does profitability, according to the scrap trader. ‘Macro-economic pressures are reducing revenues and profitability while leaderships change because generational transitions are becoming more frequent.’
North and South
In his market update from Italy, Clemente also notes that southern Italy has been expanding at a faster pace than the rest of the country, recording stronger overall growth than the northern regions. ‘There are signs of structural strengthening, thanks primarily to National Recovery and Resilience Plan (NRRP) resources. While not yet closing existing gaps, this demonstrates more favourable medium-term dynamics than in the past.’
The NRRP represents a fundamental lever for the south where more than 110 000 projects are concentrated. However, critical issues remain: Euro 14.5 billion of the allocated resources have been distributed with a disbursement rate of 27%, which is lower than that for central and northern Italy.
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