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ELECTRONICS RECYCLING – “Is there a booming future?”

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by - 9/18/2015 5113 Views

The ‘GREEN’ phase of recycling e-waste

Delving into the Electronic Scrap market or E Waste management trend, this brief study of mine presents crucial informative evidence to the society globally and encourages us to brainstorm about the amount of irreplaceable and precious materials in the electronic products that we consume on a daily basis.

"Electronic waste" is defined as discarded computers, office electronic equipment, entertainment device electronics, mobile phones, television sets, and refrigerators. This includes used electronics which are destined for reuse, resale, salvage, recycling, or disposal. Others are re-usables (working and repairable electronics) and secondary scrap (copper, steel, plastic, etc.) to be "commodities", and reserve the term "waste" for residue or material which is dumped by the buyer rather than recycled, including residue from reuse and recycling operations. Because loads of surplus electronics are frequently commingled (good, recyclable, and non-recyclable), several public policy advocates apply the term "e-waste" broadly to all surplus electronics, according to https://en.wikipedia.org/wiki/Electronic_waste

The consumer growth rate of electronic devices continues to increase day by day and their in-built features continue to become ‘smarter and quicker’ each year, which has led to a substantial net increase in gold demand over recent years. Towards their decline of life span, electronic scrap offers an important recycling potential for the secondary supply of gold into the market. With gold concentrations reaching 300-350 g/t for mobile phone handsets and 200-250 g/t for computer circuit boards, this e-scrap is an ‘urban mine’ that is significantly richer in gold than the sources of the primary ores today. Hence, it is very evident that any net decrease in precious metal content substantially reduces the net recoverable value from the electronic scrap and, thus, the motivation to recycle e-scrap.

E waste recycling will play a significant role in the coming decade and impact industries globally, thereby boosting economy through e-waste management. Innovation is great but there is a dearth in the supply of the precious materials, this gives the scope to recycle electronic scrap for cash.  This is also paving the way for new industries to tap into this e-waste recycling which is having a growth stability of 3% - 5% globally. With the consumer demand for tech savvy electronic goods, there would be a considerable increase of e-waste conversely too. So, I would say that whether it is a cash booming business for electronic scrap buyers & sellers. This industry is here to stay for long.

Believe it or not, in this analysis I discovered that gold is having the highest influence in this economy. Gold accounts for more than half of the revenue from e-waste materials. The number of gold mines available is limited and they are often in particular geographic locations where there have been political tensions. Economic uncertainty can influence the availability of gold. The demand for gold continues to increase in a lot of products we are consuming. From among the top ten materials being sorted out of e waste to be re-used, gold comes out on top. Other top 10 materials include copper, palladium, plastic, silver and aluminum.

E wastes are increasingly recognized as resources, and it’s clear that such an effort makes good sense when it comes to economics. According to Lenny Koh from the Advanced Resource Efficiency Centre at The University of Sheffield, the value is very, very significant, the potential revenue from the recycling of e-waste is 2.15 billion Euros and it’s projected to grow significantly.  Koh & her colleagues sense that by 2020, the market for recycling of e-waste will grow to 3.67 billion Euros. She is very optimistic that there is an absolutely phenomenal opportunity in this recycle electronics for cash business

Category : Electronics

Tags : electronics recycling, electronic scrap, electronic waste, e waste recycling, e waste management, e scrap, recycle electronics for cash


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About Georgy Abraham

As the bright morning of 28th May dawned in the year 1972, in the fulfillment of time according to the plan & will of Almighty Godbrought me forth into this world and I was brought up & educated in Orissa. My parents provided me with the best of education in an English medium school with high standa .... more info

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