ITAD service providers saw used equipment prices skyrocket during the pandemic; now they have to reckon with a market leveling out at lower values amid recession worries. | Ari N/Shutterstock
Prices for refurbished PCs have fallen in the past year alongside ongoing uncertainty in the economy, but ITAD players said the market appears to have leveled off – for now.
The Canadian processor reported that 77% of its employees are male and that the average number of years worked at the company is 5.5. | Courtesy of Quantum
Quantum Lifecycle Partners recycled 83.6 million pounds of e-scrap and reused nearly 410,000 assets and components during the 2022 fiscal year, according to the company’s first impact report.
Morgan Stanley noted that Korea Zinc bought the remaining 24.5% of Igneo Holdings for $110 million. On July 11, Korea Zinc paid $332 million for a majority stake. | REDPIXEL.PL/Shutterstock
Korea Zinc now owns 100% of Igneo Holdings after purchasing a majority stake in July.
Continue Reading
Despite increasing funding for free drop-off events, manufacturers as a whole failed to reach their e-scrap recycling targets in Wisconsin last year. | Blulz60/Shutterstock
Wisconsin residents have enjoyed a noticeable boost in free e-scrap drop-off opportunities lately, thanks to a state grant program and increased funding from OEMs, according to a state official and report.
The latest details on Apple’s recycling automation technologies was of interest to readers in 2022. | Courtesy of Apple
Examining the trends that pushed and pulled on the industry over the past year can help provide insight into the 12 months yet to come.
Technologies Displays Mexicana (TDM) is the latest to shut down its CRT operations, following companies such as Camacho Recycling and Nulife Glass. | Google streetview
TDM, a Mexican company that has recycled millions of pounds of CRTs from the U.S., closed its CRT recycling business this year.
IRT is capturing high-definition photos of printed circuit boards so AI-powered software can learn to categorize them by precious metals content. | Courtesy of IRT
Integrated Recycling Technologies is developing an AI-powered app for its suppliers that will quickly categorize and price their scrap circuit boards before they ship them. The software will also power the company’s own robotic circuit board sorting system.
Devices covered by the recently released interpretation include smart TVs, smart watches, fitness trackers and IP-connected home security devices. | Maridav/Shutterstock
A formal interpretation of the R2v3 standard aims to help certified facilities deal with smart devices that pose unique data sanitization challenges.
URT installed a new shredding and separation system at its newly occupied 198,000-square-foot facility in Fort Worth. | Courtesy of Universal Recycling Technologies (URT)
Universal Recycling Technologies has invested nearly $7 million in a processing facility that will greatly expand the company’s commodities recovery and electronics refurbishment capabilities.
iDiskk principals Yue Zou and Lei Zhang agreed to pay a fine after the company improperly disposed of lithium-ion batteries from electronics. | XH2/Shutterstock
Improper disposal of lithium-ion batteries led to a $25,000 fine for a California recycling company after the batteries sparked several garbage truck fires.