Metals and electronics recycling company First America is leveraging a handful of partnerships to process material from electric vehicles and other streams.
On Friday, T-Mobile asked a judge to order Belmont Trading to pay the $6.08 million that the wireless giant says it's owed. On Tuesday, Belmont Trading filed for bankruptcy protection.
The total e-scrap weight handled by Washington state's program dropped, one device was wrongly exported to the Middle East and a processor exited the program last year, according to an annual report.
Electronics recycling and reuse companies say insurance has become significantly more expensive and difficult to manage, so they're employing a number of strategies to cope.
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.
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.
TES is opening a facility in Virginia to decommission hyperscale data centers, part of the ITAD company's strategy to benefit from the continuing transition of computing power from individual devices to the cloud.