Posts tagged ‘Scrap’

30/08/2013

To a Chinese Scrap-Metal Hunter, America’s Trash Is Treasure

BusinessWeek: “Just before 8 a.m., Johnson Zeng eases his rented Chevrolet into a space in front of Cash’s Scrap Metal & Iron in St. Louis. He’s in the market to buy scrap metal he can ship to China, and this is the first stop of the day in the middle of a two-and-a-half-week road trip to regular suppliers that started in Albuquerque and will end in Spartanburg, S.C. But that, Zeng says, is nothing. “My last trip with Homer,” he recalls, referring to Homer Lai, the scrap importer in China’s Guangdong Province who provides him with most of his business, “we drove 9,600 miles in 26 days.”

To a Chinese Scrap-Metal Hunter, America's Trash Is Treasure

The result? Millions of pounds of metal worth millions of dollars left the U.S. for China.

Zeng is one Chinese trader, in one rental car, traveling across the U.S. in search of scrap metal. By his estimate, there are at least 100 other Chinese traders 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.”

via To a Chinese Scrap-Metal Hunter, America’s Trash Is Treasure – Businessweek.

see also: https://chindia-alert.org/2013/02/10/china-targets-287b-resource-recycling-industry/

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