The precious metals e-waste recovery market is projected to grow from USD 9.4 billion in 2020 to USD 11.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Growing investments in precious metals in emerging countries of Asia Pacific, demand from end-use industries and the necessity to treat e-waste before disposal are the key factors driving the growth of the precious metals e-waste recovery market.
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- In October 2020, EnviroLeach Technologies Inc. announced a 100 MT per month waste printed circuit board feedstock agreement with an undisclosed European supplier. The undisclosed supplier is a major player in the electronic waste sector and has an extensive network of relationships across European and Asian markets. This development will help EnviroLeach Technologies to expand its geographic reach in European and Asian markets along with a steady supply of raw materials for precious metals recovery.
- In August 2020, Sims Lifecycle Services, an operating segment of Sims Limited, announced the opening of its Tampa Innovation Center in Florida, US, the construction of which began in March 2019. This site is dedicated to the increasing redeployment, reuse, and recyclability of waste electronic and IT equipment, including data center materials. This additional facility will help the company to work with its North American clients closely along with providing sustainable solutions for waste electronics.
- In July 2020, TES-AMM Pte. Ltd. announced the expansion of its operations in the US with an additional facility constructed in Seattle, Washington. The new 42,000 sq. ft. facility will allow the company to serve clients in North America and the Pacific Northwest region. This facility is expected to be operational towards the end of 2020 due to the delay caused by the COVID-19 pandemic. The facility in Seattle will be a replica of the company’s other US-based facilities and will provide precious metal recovery from electronic waste. The company constructed this facility in view of the strong response received from the US market in recent years. This will help the company to grow its business in the North American region.
- In June 2020, TES-AMM Pte. Ltd. (TES) announced the expansion of its operations in Thailand and Hong Kong, thereby increasing the overall processing capacity of the company. In Thailand, the company acquired a 3,500-sq. m. facility in Ayutthaya province to support its full suite of IT lifecycle solutions, including electronic waste recycling, which is used for precious metal recovery. With the opening of these facilities, TES affirmed its dedication to providing IT lifecycle solutions for clients all over the world, apart from establishing the company as one of the leaders in the precious metals e-waste recovery business.