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Got any rubbish? Price of recyclable waste recovers
by Rachel Shields on May 19, 2009
As an investment tip it is unlikely to inspire a rush: put your money in rubbish. Nevertheless, new figures reveal that the price of recyclable waste has doubled in the past six months.
The news will provide a boost to Britain's flagging recycling movement, and go some way towards reversing the gloom over mountains of glass bottles and newspapers piling up across Britain after the drop last year in the value of recyclables.
It will also be a welcome change for UK waste collection companies and councils, hit hard by a drop in demand last autumn for paper, bottles and cans from countries such as China and India. There had been calls for warehouses and disused airfields to be made available for storing rubbish that could not be sold.
A huge global drop in the volume of waste being produced, partly due to the economic downturn, is thought to have sparked the recent sharp rise. The price of cardboard has trebled to £59 per ton since...Read More >>
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