global recycling industry collapse
PATX
2,820 Posts
Wow, this is pretty big. Don't quite know what to make of it, but it means that from now on, we will be surrounded by much more of our own detritus as China is not longer buying it to process and sell back to us. Paper, Cardboard, Cans, Pastic sheeting, all that shit that we haven't managed to use less of despite 20 years of "we ought to consume less, recycle more" consensus.>>"It's a canary in the coalmine: it's the front and back end of industry," said Adam Minter, who runs the Shanghai Scrap blog and specialises in the metal trade. "Until about eight weeks ago, for example, the entire [US] west coast paper market was sent to China and most of it was sent south. It was processed and made into packaging for products that then shipped back to the US ... But when US consumer demand dropped off, that broke the cycle."Across the scrap trade, prices have halved or worse in a matter of months. Each link in the chain is disintegrating, from factories to scrapyards to collectors such as Wu, 56, a former farmer who now plans to return to Hubei province.Official media reported that four-fifths of China's recycling units had closed and that millions will eventually be left without employment. link>>In the long term Drake hopes the crisis will spur a home-grown solution, with US mills taking the place of foreign markets. But she is concerned that once recycling ceases to be profitable, it will not be practised with the alacrity that has seen California save half of its solid waste from landfill. "We don't want to create a panic and say this is the end of recycling," says Drake, "but we need to continue to educate people."Wes Muir of Waste Management, one of the US's biggest collection and recycling companies, believes recycling will weather a temporary dip in the commodities markets. "There's a strong commitment to recycling," he says. "People think it needs to be done and predicated on the belief that garbage is not a waste, it is a resource that reduces the need for the extraction of raw materials. We don't see a backpedalling ??? it's ingrained into the culture." link
Comments
So what you are saying is that the average daily wage in Pakistan is even lower than China's and it's still profitable (for now). Yay for the market, it always finds a way.
GTFOOHWTBS!!!!!!!