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Posted Mon Aug 11 2008: from Times Online (UK):
Recyclers are cashing in on the fortune in your bin
... Many are locked into 20 to 30-year contracts with recycling companies and are unable to cash in on the higher cost of plastic and copper. As the cost of commodities rises it increasingly makes sense for manufacturers to retrieve materials from rubbish instead of buying them new. Town hall leaders have told The Times that the sector is missing out on millions of pounds that would come from trading commodities themselves or negotiating better contracts. They said that such profits could go to improving local services and even cutting bills... Westminster council, which has a seven-year contract to share profits as prices rise, believes that town halls are sitting on a fortune. "Where there's muck there's brass," Mark Banks, Westminster's waste strategy manager, said. Any profit made will be ploughed back into services or to lower council tax rises, he said.
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The ApocaDocs say:
Glad that recycling is becoming profitable. Can't wait for the "windfall recycling profiteering" legislation.

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