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Recycle of retired handsets has huge market potential

Pile of used mobiles

Pile of used mobiles

With the fast development of the communication industry, tens of millions of cell-phones are being replaced each year in China. For the lack of effective recovery system, a great many of retired cell-phones were buried and burned.

According to the statistics from the Ministry of Industry and Information Technology, the number of cell-phone users has reached 583 million in China by the end of April this year.

Experts estimate that in 2008 there will be as many as 200 million cell-phones replaced in China. That is about 20,000 tons of electronic waste a year. The recycled value exceeds RMB100 million.

The number of retired cell-phones in China is increasing at a rate of 5 to 10% a year. Zhu Qiaoling, a professor from Zhongnan University of Economics and Law, believes that if recycle of used cell-phones can be systemized, it would make a ‘Golden Industry’ with vast potential.
Much more HERE.
Source: China Economic Net

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