Lithium is selling for about $30,000 per metric ton, less than half of what it sold for in mid-2022. | Andrii Yalanskyi/Shutterstock
As demand for electric vehicles declines, prices for lithium, cobalt and copper are sliding down, potentially putting lithium-ion battery recyclers in a tight spot. Continue Reading
A view of Mitsubishi Materials’ Naoshima Smelter and Refinery on Naoshima Island in Japan. | Courtesy of Mitsubishi Materials
Metals producer Mitsubishi Materials purchased a stake in a startup working to build a smelter in Indiana. Meanwhile, the company unveiled plans to substantially increase its e-scrap recycling capacity in Japan. Continue Reading
Growing demand from Asian countries is boosting the value of copper, but experts remain cautious about the metal’s outlook. | Flegere/Shutterstock
The price of copper has continued to rise and is nearing a high not seen since June 2022.
ECHG posted soaring profits for 2022, attributing the rise to growing margins and a significant acquisition.| Andrii Yalanskyi/Shutterstock
A family of southwestern U.S. ITAD and e-scrap businesses dramatically increased profit margins last year, both in reuse and recycling.
The latest Worldwide Quarterly Mobile Phone Tracker report predicted that shipments of smartphones in 2023 will see a slight decline instead of growing, as was previously forecast.| Maxx Studio/Shutterstock
After initially forecasting an increase in global smartphone shipments, the International Data Corporation now says it expects shipments to decline about 1.1% in 2023. Continue Reading
People are increasingly trading in devices online instead of in-person, according to Assurant’s latest trend report. | Sonyerry/Shutterstock
The secondary device market continues to evolve, an Assurant market report finds, with more people opting to trade in devices online. Continue Reading
Following a large acquisition and facing a management shakeup, Iron Mountain’s ITAD arm is posting growing revenues. | Bandersnatch/Shutterstock
Data management giant Iron Mountain saw a $213 million bump in its revenue last year because of its acquisition of ITRenew.
Major smelting companies discussed changing metals prices and cost inflation in recent filings. | Gualtiero Boffi/Shutterstock
Glencore, Umicore and Boliden recently released financial and operational details from their smelting operations in 2022.
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
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.