As Green Technology Solutions (OTCBB: GTSO) mining subsidiary GTSO Resources closes in on new urban mining agreements in North and South America, the growing e-waste industry’s value is becoming clearer: Experts now say that urban mining deposits are 40-50 times richer than traditionally mined ore.
At last month’s GeSI and StEP e-Waste Academy for small businesses and policymakers, participants from 12 countries heard urban mining industry experts say that quantities of gold, silver, lithium, palladium, tungsten and other minerals available for recovery are rising in tandem with the fast-growing sales of electronics.
More than $21 billion worth of gold and silver alone are required annually for the manufacture of high-tech devices such as theApple (NASDAQ: AAPL) iPhone and iPad, Samsung Galaxy Tab and other electronic goods.
Though our trash is rapidly becoming a literal goldmine, less than 15 percent of valuable materials is currently recovered from e-waste worldwide. A major profit opportunity is developing in the urban mining sector that GTSO is making every effort to capitalize on.
Source: Businessweek