The Surprising Findings Through The Surveys
At first, the result of a survey conducted under the custody of UN should be mentioned here.
According to the UN report 2017 Global E-waste Monitoring in 2016 alone, unauthorised or just unwanted electronics has dropped 44.7 million metric tons. There are 4,500 eiffel tower-priced phones, laptops, microbes and TVs. Only 20 percent of this e-waste could not be recycled properly that year. The rebound could possibly be incinerated, pumping pollution in the atmosphere, or its toxic headaches now added to a landfill now with leakage in our soil and water supply.
So the only trashing of our electronics is bad for the environment, but that is definitely not enough to prevent the practice. But what could be enough, the news that the cancelled electronics could be a literal gold mine.
Of course, we already knew electronics that were precious metals besides glass and plastic, although the single smartphone is not so much that consumers buy 1.7 billion devices each year. Just one million people, we get about 75 pounds of gold, 35,000 pounds copper, and 772 pounds of silver.
It’s all added up. But according to a press release from the American Chemical Society, depending on what was mining, it was not economically fit.
To solve this problem, a triangle of researchers from Beijing University of Sinhahua and McKayry University in Sydney, which is now published in Environmental Science and Technology.
First, the researchers collected information from eight recyclable companies in China. They count all the costs associated with the mining gold and copper from the recycled television set – from the payment of materials for the collection of e-waste materials and the buildings it needs to renew.
After they figured out that, they could sell various components into government subsidies and funding companies company companies. Finally, researchers concluded that the total cost of this urban mining was compared to ore mining and that ore mining was 13 times more expensive.
Of course, not every nation has the same subsidies as China, and all costs of recycling will always be the same. But according to the United Nations report, China is the world’s largest producer of e-waste. If the companies in that country see that they can earn money through e-waste mining, it can have a big impact on the overall problem. (3)
Maybe more Chinese companies get the urban mining business. Perhaps the companies of other countries want to start the practice. Or maybe we might think twice what to do with our smartphone once we get your hands on your replacement.
So we can forget panning for gold or extracting copper ore whereas urban mining, is far less expensive than mining them the traditional way. So the most interesting and surprising finding is that, old electronics can be more profitable than the Lantal Gold Mine.