"Big waste country, the U.S."
September 7, 2013 9:43 AM Subscribe
To a Chinese Scrap-Metal Hunter, America's Trash Is Treasure:
posted by zarq (29 comments total)
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Johnson Zeng is a Chinese trader who travels across the U.S. in search of scrap metal. By his estimate, there are at least 100 others like him driving from scrap yard to scrap yard, right now, in search of what Americans won’t or can’t be bothered to recycle. His favorite product: wires, cables, and other kinds of copper. His purchases, millions of pounds of metal worth millions of dollars, will eventually be shipped to China.Additional Articles
* Crain's Chicago Business: China's reach into Chicago's alleyway economy
* Denver Post: Colorado's trash is China's treasure, with scrap shipped overseas
. "Developing economies such as China's lack the volume of old cars, appliances and other consumer items to recycle domestically, so they look to developed areas."
* Wall Street Journal (2011): Scramble for Scrap Metal
* In These Times (2011): Detroit Scrap City: A few entrepreneurs pick through the ruins for profit.
* NPR (2008, when the market took a downturn): Drop In Chinese Demand Melts Scrap Metal Market
* Charlotte Observer (2008): A boom in scrap metal
* New York Times (2004): China's Need for Metal Keeps U.S. Scrap Dealers Scrounging
ScrapMonster: China Scrap Prices