Markets

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Raised Aurubis guidance sends positive signal for circuit board and metals recovery markets

Aurubis raised its full-year earnings outlook after stronger second-quarter results driven in part by higher returns from recycling materials and precious metals. The company’s performance and ongoing recycling-capacity expansion projects in Germany and the U.S. are being closely watched by electronics recyclers and ITAD firms as indicators of downstream demand for complex e-scrap and recovered metals.

Less premium smartphone inventory is reaching recyclers

Assurant’s latest mobile trade-in data shows that the best smartphones are being pulled into reuse and refurbishment channels sooner as the scrap stream is getting thinner and rougher, and value is moving upstream fast.

ERI enters Japan through joint venture with Itochu

US-based electronics recycler and IT asset disposition (ITAD) provider ERI has formed a 50-50 joint venture with Itochu Corporation to launch operations in Japan, the companies announced March 24.