Landfills are becoming large concentrations of materials like plastic, aluminum and other. What part of the process of mining landfills and processing the materials for new products, makes mining raw materials from the earth and processing them cheaper?

Question

Landfills are becoming large concentrations of materials like plastic, aluminum and other. What part of the process of mining landfills and processing the materials for new products, makes mining raw materials from the earth and processing them cheaper?

In: Economics

Answer 1

Scrap steel is selling for around $50 s ton right now. At least that’s what the scrapyards around here are paying.