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Why Junk Electronics Should Be Big Business

An anonymous reader writes "We've heard before about the problem of e-waste — computers and other high-tech gadgets that are tossed into landfills or shipped off to third-world countries when they reach end-of-life. But this article makes the case that there's a huge business opportunity here, with billions of dollars going to waste in the form of metals that could be reclaimed from these old and broken devices. 'At current rates of production, $16 billion (or 320 tons) in gold and $5 billion (7500 tons) in silver are put into media tablets, smartphones, computers, and other devices annually. With growth in demand for smartphones and media tablets showing little sign of diminishing in the next few years, the flow of gold and silver from deposit to waste facilities is only likely to accelerate. ... StEP claims that, in developing nations, 50 percent of the gold in e-waste is lost due to "crude dismantling processes" and only 25 percent of the remainder is recoverable due to the rudimentary technology to hand. In contrast, 25 percent of gold is lost to electronics dismantling in developed nations, and modern facilities are able to recover 95 percent of the rest.'"

5 of 155 comments (clear)

  1. Yeehaw! by jpate · · Score: 5, Funny

    There's gold in them thar fills!

  2. Stupid article by 1u3hr · · Score: 5, Insightful
    Yeah, there are millions of tons of gold dissolved in the Pacific Ocean. "going to waste" too.

    Not a single figure in TFA to say how much it would cost to recover a few grams of gold from each device. Or what toxic sludge would be left and how much it would cost to deal with that.

    People dealing with e-waste KNOW THERE IS GOLD IN IT. They're not idiots. If they could recover it and make a profit, they'd be doing it. They don't need some twat to tell them "Hey, you're throwing away gold!".

  3. Geeks don't throw away junk ... they hoard it. by PolygamousRanchKid+ · · Score: 5, Funny

    C'mon, y'all 'fess up! Your e-waste never becomes e-waste, because it is stuffed into drawers, closets, basements, or the rusty Chevy up on cinder blocks on the front lawn, like me. It could be a magnetic storage disk with the diameter of a Flying Saucer, and I still won't throw it away. That 'ole PCMCIA IBM Token Ring card? I'll be glad someday that I have that bastard!

    Hans Reiser proved his own guilt when he claimed that he threw away his car seat.

    Geeks don't toss out nuthin'!

    --
    Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
  4. Re:Yeah the money may be good by kevmitch · · Score: 5, Interesting

    Non rhetorical question: How much worse is mining and processing the equivalent ore?

  5. Re:Many are going to Nigeria by Anonymous Coward · · Score: 5, Insightful

    Yes, because allowing recycling businesses to create a toxic sludge and bury it in your neighborhood will carry no long-term costs. Regulations are in place to try and force businesses to own their costs instead of passing them on to the general population in the form of poluted air, water and in the longer term increased health care costs.

    Perhaps if businesses were held accountable for the the full lifetime of their products, they would innovate more environmentally friendly products, or at least products that could be dismantled and recycled easier.