{"id":810337,"date":"2025-02-07T04:13:10","date_gmt":"2025-02-07T09:13:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\/"},"modified":"2025-02-07T04:13:10","modified_gmt":"2025-02-07T09:13:10","slug":"greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\/","title":{"rendered":"Greenwave Technology Solutions, Inc.&#8217;s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>\n          <b>Company&#8217;s Scrap Metal Inventories are Estimated to Surpass <span class=\"xn-money\">$6 Million<\/span> in Current Market Value, Ideally Positioned to Capitalize on Rising Metal Prices Amid Anticipated Tariff Increases<\/b>\n        <\/li>\n<li>\n          <b>Domestic Scrap Steel Prices Up Significantly This Week, Forecasted to Keep Climbing<\/b>\n        <\/li>\n<li>\n          <b>Exclusive Operational Licenses and Contracts with Suppliers Create Significant Barriers to Entry\u00a0\u00a0\u00a0 <\/b>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">CHESAPEAKE, Va.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 7, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (&#8220;Greenwave&#8221; or the &#8220;Company&#8221;), today announced its scrap metal inventories <b>are estimated to have<\/b><b>surpassed <span class=\"xn-money\">$6 million<\/span> in current market value<\/b>, positioning the Company to benefit from surging metal prices and increasing demand.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2615095\/GWAV_Fleet.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2615095\/GWAV_Fleet.jpg\" title=\"$GWAV's fleet of more than 50 trucks allows it to capitalize on market opportunities, swiftly fulfill customer orders during supply chain disruptions, and maintain a robust liquidity position. Greenwave's primary customers remit payment the same day as metal delivery, ensuring a steady cash flow.\" alt=\"$GWAV's fleet of more than 50 trucks allows it to capitalize on market opportunities, swiftly fulfill customer orders during supply chain disruptions, and maintain a robust liquidity position. Greenwave's primary customers remit payment the same day as metal delivery, ensuring a steady cash flow.\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<div id=\"divReleaseHighlightff88\" style=\"border-top: 1px solid;border-bottom: 1px solid;border-color: Gray;color: gray;width: 200px;float: left;position: relative;margin: 5px 10px 5px 10px;text-align: justify\">$GWAV&#8217;s inventories surpass <span class=\"xn-money\">$6 million<\/span> in estimated value driven by surging metal prices and increasing demand.<\/div>\n<p>\n        <b>Strategic Inventory Accumulation Ahead of Tariff Hikes<\/b>\n      <\/p>\n<p>Since President Trump&#8217;s election, Greenwave has been strategically <b>accumulating high-value steel, aluminum, and copper, <\/b>anticipating the <b>potential for higher tariffs<\/b> on imported metals. With domestic scrap steel prices surging <b>significantly this week<\/b> and expected to climb higher, the Company anticipates its revenue growth will continue to accelerate.<\/p>\n<p>Greenwave&#8217;s primary customers remit payment the same day as metal delivery, ensuring a steady cash flow. With a fleet of over 50 trucks, the Company can efficiently transport hundreds of thousands of dollars&#8217; worth of metal to customers daily. <b>This operational agility allows Greenwave to capitalize on market opportunities, swiftly fulfill customer orders during supply chain disruptions, and maintain a robust liquidity position.<\/b><\/p>\n<p>\n        <b>Rapid Consolidation of Scrap Industry Driving Scarcity<\/b>\n      <\/p>\n<p>Steelmakers are leading a wave of consolidation in the scrap metal industry, securing the supply of raw materials to de-risk their operations and feed a <b>projected\u00a0increase of\u00a016 million tons of annual capacity<\/b>\u00a0in the coming years<sub>(1).<\/sub><\/p>\n<ul type=\"disc\">\n<li>\n          <b>Sims Metal<\/b>\u00a0acquired Baltimore Scrap Corp. for <b><span class=\"xn-money\">$220 million<\/span><\/b> (2023)<sub>\u00a0(2).<\/sub><\/li>\n<li>\n          <b>Nucor<\/b> acquired the assets of Garden Street Iron &amp; Metal for an <b>undisclosed amount<\/b> (2023) <sub>(3).<\/sub><\/li>\n<li>\n          <b>Cleveland-Cliffs<\/b> acquired Ferrous Processing and Trading Co. for <b><span class=\"xn-money\">$775<\/span> milli<\/b>on (2021) <sub>(4).<\/sub><\/li>\n<li>\n          <b>Steel Dynamics<\/b> acquired <span class=\"xn-person\">Roca Acero<\/span> for <b><span class=\"xn-money\">$90 million<\/span><\/b> (2022) <sub>(5).<\/sub><\/li>\n<\/ul>\n<p>\n        <b>Clear Competitive Edge: Exclusive Licenses, Infrastructure, and Market Dominance<\/b>\n      <\/p>\n<p>Greenwave\u00a0holds a portfolio of highly coveted operational licenses for the Company&#8217;s metal recycling facilities.\u00a0<b>These licenses, often protected by grandfathered municipal codes, provide significant barriers to entry to competitors in Greenwave&#8217;s tightly regulated markets.<\/b><\/p>\n<p>\n        <i>Key highlights include:<\/i>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b><br \/>\n            <span class=\"xn-location\">Norfolk<\/span>, VA\u00a0Facility:<\/b> Positioned near the largest U.S. Naval Base, Greenwave&#8217;s\u00a0Norfolk\u00a0facility benefits from a steady influx of prime scrap metal and holds one of the only Virginia Department of Motor Vehicles automotive recycler\/demolisher licenses in the city.<\/li>\n<li>\n          <b><br \/>\n            <span class=\"xn-location\">Virginia Beach<\/span>, VA\u00a0Facility:<\/b> Greenwave operates the sole metal recycling facility in the state&#8217;s largest city,\u00a0Virginia Beach, strategically located near NAS Oceana and the region&#8217;s thriving industrial core.<\/li>\n<li>\n          <b><br \/>\n            <span class=\"xn-location\">Portsmouth<\/span>, VA\u00a0Facility:<\/b> A cost-effective hub for domestic and international shipments due to its proximity to the Port of\u00a0Virginia, the Company&#8217;s\u00a0Portsmouth\u00a0facility holds a license protected by grandfathered regulations.<\/li>\n<\/ul>\n<p>Greenwave recently completed a multi-year capex cycle in which it invested over <span class=\"xn-money\">$20 million<\/span> in equipment, infrastructure, and a fleet of over 50 trucks to facilitate rapid expansion and delivery of significant quantities of mill-ready metal to industry titans. Further, the Company acquired the real estate for seven of its core facilities \u2013 thus <b>reducing the Company&#8217;s annual rent expenses by approximately\u00a0$1.7 million<\/b>,\u00a0enhancing cashflow and <b>positioning the Company for\u00a0potential high-value strategic transactions.<\/b><\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\">(1)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4357080-1&amp;h=4178232871&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4325403-1%26h%3D2272143066%26u%3Dhttps%253A%252F%252Fionanalytics.com%252Finsights%252Fmergermarket%252Ftrash-to-treasure%252F%26a%3Dhttps%253A%252F%252Fionanalytics.com%252Finsights%252Fmergermarket%252Ftrash-to-treasure%252F&amp;a=https%3A%2F%2Fionanalytics.com%2Finsights%2Fmergermarket%2Ftrash-to-treasure%2F\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/ionanalytics.com\/insights\/mergermarket\/trash-to-treasure\/<\/a>\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\">(2)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\">Sims Limited \/ 2024 Annual Report \/ Note 24 &#8211; Business Acquisitions and Disposals \/ (a) Baltimore Scrap Corporation \/ Page 124 (<b><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4357080-1&amp;h=3824803611&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4325403-1%26h%3D3755572869%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4319260-1%2526h%253D492214592%2526u%253Dhttps%25253A%25252F%25252Fc212.net%25252Fc%25252Flink%25252F%25253Ft%25253D0%252526l%25253Den%252526o%25253D4313101-1%252526h%25253D2468194596%252526u%25253Dhttps%2525253A%2525252F%2525252Fwww.simsltd.com%2525252Fwp-content%2525252Fuploads%2525252Fsites%2525252F7%2525252F2024%2525252F10%2525252FSGM_AnnualReport_FY24.pdf%252526a%25253DLink%2526a%253DLink%26a%3DLink&amp;a=Link\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">Link<\/a><\/b>)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\">(3)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4357080-1&amp;h=2867085458&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4325403-1%26h%3D688636559%26u%3Dhttps%253A%252F%252Fwww.recyclingtoday.com%252Fnews%252Friver-metals-recycling-acquires-garden-street-iron-metal-ohio-yards%252F%26a%3Dhttps%253A%252F%252Fwww.recyclingtoday.com%252Fnews%252Friver-metals-recycling-acquires-garden-street-iron-metal-ohio-yards%252F&amp;a=https%3A%2F%2Fwww.recyclingtoday.com%2Fnews%2Friver-metals-recycling-acquires-garden-street-iron-metal-ohio-yards%2F\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/www.recyclingtoday.com\/news\/river-metals-recycling-acquires-garden-street-iron-metal-ohio-yards\/<\/a>\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\">(4)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4357080-1&amp;h=168012654&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4325403-1%26h%3D2043915081%26u%3Dhttps%253A%252F%252Fwww.clevelandcliffs.com%252Fnews%252Fnews-releases%252Fdetail%252F533%252Fcleveland-cliffs-enters-the-scrap-business-and-announces%26a%3Dhttps%253A%252F%252Fwww.clevelandcliffs.com%252Fnews%252Fnews-releases%252Fdetail%252F533%252Fcleveland-cliffs-enters-the-scrap-business-and-announces&amp;a=https%3A%2F%2Fwww.clevelandcliffs.com%2Fnews%2Fnews-releases%2Fdetail%2F533%2Fcleveland-cliffs-enters-the-scrap-business-and-announces\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/www.clevelandcliffs.com\/news\/news-releases\/detail\/533\/cleveland-cliffs-enters-the-scrap-business-and-announces<\/a>\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\">(5)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml6\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4357080-1&amp;h=4293107351&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4325403-1%26h%3D3668188544%26u%3Dhttps%253A%252F%252Fwww.bglco.com%252Finsights%252Fscrap-metal-ma-market-update%252F%26a%3Dhttps%253A%252F%252Fwww.bglco.com%252Finsights%252Fscrap-metal-ma-market-update%252F&amp;a=https%3A%2F%2Fwww.bglco.com%2Finsights%2Fscrap-metal-ma-market-update%2F\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">https:\/\/www.bglco.com\/insights\/scrap-metal-ma-market-update\/<\/a>\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>About Greenwave Technology Solutions, Inc.<\/b>\n      <\/p>\n<p>Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) operates 13 metal recycling facilities supplying leading steel mills and industrial partners with 100% domestically-sourced metals. Headquartered in <span class=\"xn-location\">Chesapeake, VA<\/span>, Greenwave plays a critical role in infrastructure projects and U.S. national security, with operations across <span class=\"xn-location\">Virginia<\/span>, <span class=\"xn-location\">North Carolina<\/span>, and <span class=\"xn-location\">Ohio<\/span>. For more information, visit\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4357080-1&amp;h=2697616280&amp;u=http%3A%2F%2Fwww.gwav.com%2F&amp;a=www.GWAV.com\" target=\"_blank\" rel=\"nofollow\">www.GWAV.com<\/a>.<\/p>\n<p>For detailed financials and updates, visit <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4357080-1&amp;h=2697616280&amp;u=http%3A%2F%2Fwww.gwav.com%2F&amp;a=www.GWAV.com\" target=\"_blank\" rel=\"nofollow\">www.GWAV.com<\/a><\/u>.<\/p>\n<p>\n        <b>Forward-looking Statements<\/b><br \/>\n        <br \/>This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about\u00a0its revenue growth, opening of additional locations, margin expansion and cashflow projections. These statements are identified by the use of the words &#8220;could,&#8221; &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;may,&#8221; &#8220;continue,&#8221; &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;project&#8221; and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company&#8217;s control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company&#8217;s common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company&#8217;s filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2588419\/NASDAQ_GWAV_LOGO.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2588419\/NASDAQ_GWAV_LOGO.jpg\" title=\"Greenwave Technology Solutions, Inc. Logo (PRNewsfoto\/Greenwave Technology Solutions)\" alt=\"Greenwave Technology Solutions, Inc. Logo (PRNewsfoto\/Greenwave Technology Solutions)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH13503&amp;sd=2025-02-07\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/greenwave-technology-solutions-incs-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains-302371091.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/greenwave-technology-solutions-incs-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains-302371091.html<\/a><\/p>\n<p>SOURCE  Greenwave Technology Solutions<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH13503&amp;Transmission_Id=202502070410PR_NEWS_USPR_____PH13503&amp;DateId=20250207\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Company&#8217;s Scrap Metal Inventories are Estimated to Surpass $6 Million in Current Market Value, Ideally Positioned to Capitalize on Rising Metal Prices Amid Anticipated Tariff Increases Domestic Scrap Steel Prices Up Significantly This Week, Forecasted to Keep Climbing Exclusive Operational Licenses and Contracts with Suppliers Create Significant Barriers to Entry\u00a0\u00a0\u00a0 CHESAPEAKE, Va. , Feb. 7, 2025 \/PRNewswire\/ &#8212; Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (&#8220;Greenwave&#8221; or the &#8220;Company&#8221;), today announced its scrap metal inventories are estimated to havesurpassed $6 million in current market value, positioning the Company to benefit from surging metal prices and increasing demand. $GWAV&#8217;s inventories surpass $6 million in estimated value driven by surging metal prices and increasing demand. Strategic Inventory Accumulation Ahead of Tariff &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Greenwave Technology Solutions, Inc.&#8217;s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-810337","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Greenwave Technology Solutions, Inc.&#039;s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenwave Technology Solutions, Inc.&#039;s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Company&#8217;s Scrap Metal Inventories are Estimated to Surpass $6 Million in Current Market Value, Ideally Positioned to Capitalize on Rising Metal Prices Amid Anticipated Tariff Increases Domestic Scrap Steel Prices Up Significantly This Week, Forecasted to Keep Climbing Exclusive Operational Licenses and Contracts with Suppliers Create Significant Barriers to Entry\u00a0\u00a0\u00a0 CHESAPEAKE, Va. , Feb. 7, 2025 \/PRNewswire\/ &#8212; Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (&#8220;Greenwave&#8221; or the &#8220;Company&#8221;), today announced its scrap metal inventories are estimated to havesurpassed $6 million in current market value, positioning the Company to benefit from surging metal prices and increasing demand. $GWAV&#8217;s inventories surpass $6 million in estimated value driven by surging metal prices and increasing demand. Strategic Inventory Accumulation Ahead of Tariff &hellip; Continue reading &quot;Greenwave Technology Solutions, Inc.&#8217;s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-07T09:13:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2615095\/GWAV_Fleet.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Greenwave Technology Solutions, Inc.&#8217;s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains\",\"datePublished\":\"2025-02-07T09:13:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\\\/\"},\"wordCount\":926,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2615095\\\/GWAV_Fleet.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greenwave-technology-solutions-inc-s-scrap-metal-inventories-estimated-to-surpass-6-million-as-prices-surge-poised-for-further-gains\\\/\",\"name\":\"Greenwave Technology Solutions, Inc.'s Scrap Metal Inventories Estimated to Surpass $6 Million as Prices Surge, Poised for Further Gains - 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(Nasdaq: GWAV) (&#8220;Greenwave&#8221; or the &#8220;Company&#8221;), today announced its scrap metal inventories are estimated to havesurpassed $6 million in current market value, positioning the Company to benefit from surging metal prices and increasing demand. $GWAV&#8217;s inventories surpass $6 million in estimated value driven by surging metal prices and increasing demand. 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