"Trashed Has Crashed" reads the first statement from this NY times article. It talks about how the economic downturn has been killing the market for recyclable materials like cardboard, paper, plastic, and metals. These recyclable materials have now been piling up in recycling centers because they are either unable to find buyers of the material or unwilling to sell at the "junk" price. An example of price decrease from the article reads "On the West Coast, for example, mixed paper is selling for $20 to $25 a ton, down from $105 in October".
This is just another example of how the weakening economy is hurting almost every industy in some way. Hopefully this does not affect peoples willingness to continue recycling.
2 comments:
I seriously don't understand how recycling companies are effected by the financial crisis. Isn't the price of oil and gas much cheaper now hence they can operate at less cost?
This is crazy! I never even thought that an economic slowdown could have an effect on recycling. I agree with Thang, also shouldn't there be less materials recycled, so that there is not such a pileup of materials.
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