Comment 73111

By Wellington Plume (anonymous) | Posted January 17, 2012 at 08:12:49 in reply to Comment 73110


"The recycling crisis is the latest in a host of financial problems that began earlier this year with a meltdown in the U.S. housing market and banking sector. Now, as people around the world curb their spending, manufacturers react by curtailing production, which means there is less demand for recycled material, leading to a drop in value of recycled goods.

For example, aluminum was selling in the Toronto area in July for $1.17 per pound. Currently it’s selling for 35 cents a pound. Newsprint was selling in the Toronto area in July for $180 per metric ton and actually hit zero at one point this month.

Similarly, the plastic used to make water bottles sold for 19 cents a pound in July, but today is selling for only a cent a pound."

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