A Sims Lifecycle Services financial presentation attributes reduced resale prices to lockdowns in China and muffled consumer demand stemming from inflation. | antb/Shutterstock
Sims Lifecycle Services resold considerably more IT devices in the latter half of 2022, but softer demand resulted in lower selling prices and inflation took its toll on profits. Continue Reading
Redwood’s McCarran, Nev. campus will eventually produce about 100,000 metric tons of cathode active materials and 36,000 metric tons of ultra-thin battery-grade copper foil each year. | Allyson Kitts/Shutterstock
Redwood Materials has secured a major loan from the federal government, with some strings attached, to help build out its Nevada lithium-ion battery recycling campus.
Maryland-based Apkudo boosts supply chain efficiency to support repair, resale and recycling markets. | KovalchukOleksandr/Shutterstock
Apkudo, which helps companies manage connected devices, announced it received $37.5 million in Series C funding.
The following are facilities that have achieved, renewed or otherwise regained R2 certification recently:
A worker inspects shredded material at a Glencore sampling facility in Rhode Island. | Courtesy of Glencore
Glencore has been recovering copper and precious metals from e-scrap since the 1980s. But multiple trends are now forcing the world’s largest mining and metals company to adapt to changing markets: a push to decarbonize the transportation sector, efforts to shorten and bolster supply chains, and innovations in consumer electronics design and manufacturing.
Cleanup of CRT materials at Closed Loop’s Phoenix sites is estimated to cost $15 million or more. | E-Scrap News File Photo
IMS Electronics Recycling will pay $5 million to help clean up CRT materials abandoned at former Closed Loop Refining and Recovery sites in Phoenix.
“The ITAD Academy 2023” will educate IT leaders and managers on proper IT asset disposition practices, among other goals. | NicoElNino/Shutterstock
ITAD advising firm Compliance Standards launched an advertising and marketing initiative to showcase best practices in IT asset disposition.
Sunnking employees Antonio Suarez, left, and Jeff Boscoe end their work day at the shredder. | Courtesy of Sunnking
New York state-based electronics recycler Sunnking transitioned to a four-day workweek and is hoping others follow.
Battery recycler Li-Cycle posted a strong year-end financial statement. | Courtesy of Li-Cycle
Li-Cycle saw overall revenue gains in 2022 even with a softer fourth quarter, it announced in late January.