Search This Blog

March 11, 2022

#LatinAmerica Wastes Billions of Dollars of #Metals

How Latin America wastes billions of dollars worth of valuable metals - MINING.COM

E-Waste in 13 LatAm countries rose by 49% between 2010 and 2019, roughly the world average. The issue is that just 3% was collected and safely managed, a fraction of the 17.4% global average

According to a new report produced by the Sustainable Cycles Programme, co-hosted by the UN University and the UN Institute for Training and Research, Latin America has a big opportunity to recover valuable materials from e-waste that it has been throwing it into the garbage.

Data compiled for the report show that the e-waste generated regionally in 2019 contained 7000 kilos of gold, 310 kilos of rare-earth metals, 591 million kilos of iron, 54 million kilos of copper, and 91 million kilos of aluminum, representing a total value of roughly $1.7 billion of secondary raw materials.

Latin America wastes billions of dollars worth of valuable metals

The dossier also shows that electronic waste in 13 Latin American countries rose by 49% between 2010 and 2019, roughly the world average. The issue is that just 3% was collected and safely managed, a fraction of the 17.4% global average. 

In fact, out of the 13 participating countries, only Bolivia, Chile, Costa Rica, Ecuador, and Peru have instituted specific legislation for e-waste and Extended Producer Responsibility (EPR) systems focusing on e-waste regulation. The rest of the countries have some legal and regulatory frameworks for general waste management. 

Some figures

How Latin America wastes billions of dollars worth of valuable metals_1
Graph from M. Wagner, C.P. Baldé, V. Luda, I. C Nnorom, R. Kuehr, G. Iattoni. Regional E-waste Monitor for Latin America: Results for the 13 countries participating in project UNIDO-GEF 5554, Bonn (Germany), 2022.

In 2019, e-waste generated by 206 million citizens in the 13 countries under scrutiny reached 1,300,000 tons —equal in weight to a 670 kilometers line of fully-loaded 40-ton trucks. The comparable figure in 2010 was 900,000 tons, generated by about 185 million citizens.

The study found that one-third of the region's e-waste consists of small equipment such as microwaves, grills and toasters, speakers, cameras. The next largest categories are large equipment such as dishwashers, washing machines, ovens, and central heating systems, as well as temperature exchange equipment like fridges, freezers, air conditioners, and heat pumps.

The UN's assessment determined that while informal recyclers cherry-pick some valuable elements from waste electronics and electrical equipment, 97% is improperly managed and just 3% is known to be collected and treated in facilities using environmentally sound methods.

Of the countries evaluated, Costa Rica has the highest e-waste collection of 8% or 1 kilo per inhabitant of its total e-waste generated, followed by Chile with 5% or 0.4 kg per inhabitant.

In addition to valuable materials, toxic substances were also found in the region's e-waste. Such substances include at least 2200 kilos of mercury, 600 kilos of cadmium, 4.4 million kilos of lead, 4 million kilos of brominated flame retardants, and 5.6 megatonnes of greenhouse gas equivalents.

These elements "are poorly managed within the region and are likely to be untreated, generating various risks to the stability of a healthy environment," the report reads.

Given this situation, the document calls on all countries in Latin America to introduce and enforce either a robust legal and policy framework focused on environmentally sound management of e-waste and persistent organic pollutants contained in e-waste, or monitor and reinforce existing systems to make them more efficient and effective.

See the whole article on Mining.com here: https://www.mining.com/how-latin-america-wastes-billions-of-dollars-worth-of-valuable-metals/

___________________

No comments:

Post a Comment

Commented on MasterMetals

ShareThis

Tags

IFTTT Twitter MasterMetals News Gold MssterMetalsNews MasterMetalsNews mining stocks Commodities Mining GLD Silver Oil COPPER China Metals Dollar Energy Precious Metals MasterEnergy trading GDX Hedge Funds EV Battery Metals Finance exploration Glencore USA ETF GDXJ Platinum Africa Canada Nickel Technical Analysis Charts Chile Euro LME Lithium Latin America Australia BHP Base Metals Cobalt Futures Iron Ore Uranium central banks CME IPO Palladium RIO SIL SLV TSX middle east Asia DRC FED India PSLV Russia South Africa Trafigura Venezuela comex zinc Argentina Batteries Bonds Chavez Debt Ecuador PPLT Renewables currencies Anglo American Barrick Bitcoin Iran JPMorgan Chase Japan Mexico Peru Switzerland TSXV VALE coal Agriculture AngloGold BP Brazil EQX Education FCX Gas Kinross London Lundin Metals Streaming NEM NYMEX Nuclear Oreninc PGM Roxgold Royalties Sprott Turkey UK Vitol WGC infographic AEM Autonomous Vehicles Azimut Banks BlockChain CFTC CODELCO COT Cerrado Gold Colombia Cote d'Ivoire EDV Egypt Electricity FIL FSM Filo Financings GATA Goldman Sachs Guinea HFT IVN Indonesia Irak LSE LUG Loonie MENA Mongolia NGEx Newmont Oro PIIGS RUP Rare Earths REE Robert Friedland Rupert Resource S&P SQM Saudi Arabia Tsingshan UAE VC VW Yuan money quebec rare earths 1971 1979 AAUC ADM AGI ALB ARIS ATY AU AUY AZM Abu Dhabi Agarwal Alaska Antimony BIS BTG Bill Clinton Bin Laden CBX CCB CITGO CMOC Cameco Cargill Cars Chuquicamata Clice Capital Cobalt27 CoronaVirus Covid19 Crypto DJIA DOJ DPM Defense Demographics Djibouti E-Waste EGO EM ESG El Dorado Endowments Environment Europe FVI Fav Finland Food ForEx Frank Giustra Freeport McMoran GBP GDP GFMS GMIN Ghana Graphite Great Be Greece Green Energy Gundlach Gunvor HPX Haftium IAG IOC Inflation KGC KL Kazakhstan Kurdistan LBMA Louis Dreyfus Lunahuasi M&A MAKO MF Global Mercuria NDM Nigeria Northern Dynasty Oman Orion Osisko PDVSA PEA PEMEX PG Pebble Project Politics Private Equity Rabbit Recycling Repsol Research Rhenium Rhodium Rusal SKE SSRM SWF Sensors Shale Strategic Metals TGZ Tech Tesla Texas Ukraine VGCX VIX Victoria Gold WPM Warren Buffett XAU XGD XStrata YPF Yen Yukon Zambia diamonds spoofing stocks supply chain zinc News