With metal prices hitting all time highs around the world, the urban mining business is booming. The metals recovered from the process are reused in new electronic devices and the gold and other precious metals are melted into ingots that can be used to create jewelry or used to create new electronic devices.
Gold is common in many electronic devices and components for its ability to better transfer electricity than copper. Tadahiko Sekigawa, president of Eco-System Recycling Co. told Reuters, “It can be precious or minor metals, we want to recycle whatever we can.”
It might not seem like there would be enough gold or other precious metals inside obsolete electronics to warrant the effort of recycling. On the contrary, used electronic devices are often a much better source of gold than actually having a small gold mine.
According to Reuters a ton of ore form a gold mine produces only 5 grams of gold on average. A ton of used cell phones can yield 150 grams of gold or more. In addition to the gold the same volume of discarded phones can have 220 pounds of copper and 6.6 pounds of silver as well as other metals.
The price of gold alone hit an all time high in March 2008 of $1,030.80 per ounce. One Eco-Systems recycling plant in Honjo, Japan produces around 440 to 660 pounds of gold bars per month with 99.99% purity. This amount of gold has a worth of about $5.9 to $8.8 million on today’s market. That's literally the same output as a small gold mine.
When the amount of money that can be made from recycling old electronic components for their base metals is taken into consideration it is easy to understand why Clover Technologies Group, the winner of the contract with the USPS for its mail-in recycling project, was willing to foot the bill for shipping. The amount of money also makes the fact that America ships tons of used electronics overseas each year look like American’s are doing someone a favor.
quote: “For both large and small wavelengths, both matter and radiation have both particle and wave aspects. ... But the wave aspects of their motion become more difficult to observe as their wavelengths become shorter. ... For ordinary macroscopic particles the mass is so large that the momentum is always sufficiently large to make the de Broglie wavelength small enough to be beyond the range of experimental detection, and classical mechanics reigns supreme.”
quote: In physics, the de Broglie hypothesis is the statement that all matter (any object) has a wave-like nature (wave-particle duality). The de Broglie relations show that the wavelength is inversely proportional to the momentum of a particle and that the frequency is directly proportional to the particle's kinetic energy. The hypothesis was advanced by Louis de Broglie in 1924 in his PhD thesis; he was awarded the Nobel Prize for Physics in 1929 for this work, which made him the first person to receive a Nobel Prize on a PhD thesis.
quote: In 1927 at Bell Labs, Clinton Davisson and Lester Germer fired slow-moving electrons at a crystalline nickel target. The angular dependence of the reflected electron intensity was measured, and was determined to have the same diffraction pattern as those predicted by Bragg for X-Rays. Before the acceptance of the de Broglie hypothesis, diffraction was a property that was thought to be only exhibited by waves. Therefore, the presence of any diffraction effects by matter demonstrated the wave-like nature of matter. When the de Broglie wavelength was inserted into the Bragg condition, the observed diffraction pattern was predicted, thereby experimentally confirming the de Broglie hypothesis for electrons.