In spite of depressed resale prices in China, Sims Lifecycle Services reported a large increase in electronics resold during the 2023 fiscal year. | Andrii Yalanskyi/Shutterstock
Low used electronics pricing in China, margin compression and inflation conspired to cut Sims Lifecycle Services’ profits in half during the 2023 fiscal year, executives said. Continue Reading
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
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
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
Analysts point to inflationary pressure as a key driver of reduced demand for PCs. | KenSoftTH/Shutterstock
Around the globe, PC shipments dropped 16.6% in the second quarter of 2023, marking the seventh consecutive quarter of decline. However, analysts at Gartner say the trend may be shifting soon.
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The RGX grant is part of the Office of Economic Development and International Trade’s efforts to boost innovation in the state. | People Image Studio/Shutterstock
A Colorado business looking to make ITAD services more accessible and more efficient for both customer and provider was awarded a state grant to support its efforts. Continue Reading
Orbex aims to help companies purchase recycled metal and ensure supply chain integrity. | MAXSHOT.PL/Shutterstock
Marketplace operator Orbex has announced a trading platform for certified recycled metals. Continue Reading
TerraCycle attributes its Regulated Waste business rebound to marketing efforts and a return to pre-pandemic conditions. | Gonzo/Shutterstock
The e-scrap recycling division of TerraCycle US tallied better sales and income in 2022, a financial filing shows.
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