Umicore’s recycling division saw its adjusted earnings before interest, taxes, depreciation and amortization fall 30% year over year. | Gualtiero Boffi/Shutterstock
Metals mining and smelter company Umicore described its recycling business as “resilient” in 2023, noting it was “below the exceptional performance” of the year before but still above pre-2020 levels. Continue Reading
Robotic sorting systems that have reached end of life are being processed by ITAD firm First America. | Courtesy of First America
Robotic sorting systems are increasingly making their way into e-scrap and ITAD facilities, where they help categorize, sort and even disassemble devices. Now, they’re entering one processor’s facilities as part of the end-of-life stream. Continue Reading
Sims Lifecycle Services repurposed 2.5 million devices during the 2024 fiscal half-year, up 39% from the half-year prior. | Rattanapong/Shutterstock
Global ITAD firm Sims Lifecycle Services repurposed 700,000 more devices in the first half of its 2024 fiscal year compared with the prior-year period, representing the third year in a row of significant growth in device volume. Continue Reading
Geomega Resources and NeoCtech will both receive funding through NGen’s Global Innovation Cluster grant program | Zerbor/Shutterstock
Canadian industry-led nonprofit NGen awarded 86.7 million Canadian dollars ($64.2 million US dollars) in grants for 15 advanced manufacturing projects in Canada, including two rare-earth magnet recyclers. Continue Reading
Consumers received back billions of dollars of value from their mobile device trade-ins in 2023, a report found. | Maxx Studio/Shutterstock
The value returned to consumers for their used mobile device trade-ins hit a record high $4.3 billion in 2023, thanks to strong demand for new devices, a bump in the worth of old smartphones and other factors. Continue Reading
Multiple groups are calling for the Federal Trade Commission to set a national right-to-repair standard. | Mark Van Scyoc/Shutterstock
Advocates for electronics repair last month delivered a petition asking the Federal Trade Commission to craft rules to prohibit manufacturers from restricting repair of their products. Continue Reading