Investornewsbreaks Greenwave Technology Solutions Inc. (NASDAQ: GWAV) Expects Demand Surge As Metal Tariffs Take Effect

(MENAFN- Investor Brand Network) Greenwave technology Solutions (NASDAQ: GWAV) is preparing for increased demand for its 100% domestically sourced scrap metal products, including steel, aluminum, copper, and zorba, as U.S. tariffs reshape the industry. President trump announced a 25% tariff on steel and aluminum imports without exceptions, reinforcing the need for domestic production. Greenwave recently raised its FY 2025 revenue guidance to $47-50 million and reported an inventory value exceeding $6 million. The company has secured government and municipal contracts, acquired real estate to cut annual rent costs by $1.7 million, and expanded its AI-powered Scrap App platform. Positioned in key Mid-Atlantic markets, Greenwave expects to capitalize on shifting supply chains and rising metal prices.

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About Greenwave Technology Solutions Inc

Greenwave Technology Solutions, Inc., through its wholly owned subsidiary Empire Services, Inc. (“Empire”), is an operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company's recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous).

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