Iron Mountain and Envela Corporation recently released second-quarter earnings results, providing insight into electronics reuse and recycling markets. | iQoncept/Shutterstock
Low prices for electronic components continue to dampen Iron Mountain’s data center decommissioning business. Meanwhile, a group of ITAD and e-scrap companies boosted their profit margins even amid a slowdown in business. Continue Reading
Over half of respondents reported plans for investments of more than $500,000, indicating an uptick in market optimism among electronics recyclers. | Polarpx/Shutterstock
Likely hesitant due to difficult markets in the first quarter, ITAD industry players were fairly conservative in their capital expenditures early this year. But company leaders foresee bigger spending ahead, according to a new survey. Continue Reading
The upcoming Fredericksburg, Va. facility will likely replace TES’ current ITAD plant. | Basiczto/Shutterstock
TES is opening a facility in Virginia to decommission hyperscale data centers, part of the ITAD company’s strategy to benefit from the continuing transition of computing power from individual devices to the cloud. Continue Reading
A Google employee swaps out a motherboard at Google’s data center in The Dalles, Ore. | Courtesy of Google
Google’s latest environmental sustainability report highlighted how the tech giant is working to increase its use of recycled materials and decrease its waste. Continue Reading
E-scrap processors are developing strategies for an increasing number of PV modules entering the market. | Hill120 / Shutterstock
One of the survey’s most notable findings was that 70% of respondents reported that prices for used electronics have decreased “a lot” since the first quarter of 2022. | Sarawut Aiemsinsuk/Shutterstock
A number of market factors squeezed the ITAD industry earlier this year, including high costs of labor and lower secondary market prices, according to a first-of-its-kind survey. Continue Reading
The No. 1 explanation given by respondents who admitted to throwing away electronics was that organizing their IT assets was too difficult. | Damrong Rattanapong/Shutterstock
Nearly a third of IT professionals at small- and medium-sized businesses admitted that they trash at least some used electronics rather than dispose of them in a responsible manner, according to a software marketplace’s survey. Continue Reading
After hearing feedback from companies that current certification requirements are challenging to achieve for more niche markets, e-Stewards is designing more targeted standards. | Yuri Photolife/Shutterstock
ITAD companies will soon have a certification option that’s more tailored to their daily operations. Continue Reading
Opinions on potentially restricting e-scrap exports varied, with some arguing such a move would hinder sales and others arguing it would bolster domestic job creation. | Katherine Welles/Shutterstock
In a wide-ranging hearing on electronics recycling and reuse, several U.S. senators heard discussion about how export restrictions affect U.S. industry. Continue Reading
Boliden estimates it lost about $19 million in second-quarter operating profits due to a fire at its flagship copper smelter. | Amy VonDe/Shutterstock
Global economic concerns and rising interest rates put a damper on metals prices during the second quarter, although gold and silver values were up because of investor interest, according to a major smelter operator. Continue Reading