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Reneport Land New Contract With Asian Based Trader
Reneport have landed a consulting contract with an Asian based metal recycler and trader with a focus on Rare earth metal recycling. The facility in South East Asia (one of very few) deals mainly in waste from lighting and magnetic applications. After processing, High purity oxides and mixed oxides can be returned including; Europium, Terbium, Yttrium, Neodymium, Cerium, Dysprosium, Praseodymium.
As European representatives, Reneport’s role will to handle both ends of the supply chain, purchasing waste for export and sale of the valuable rare earths back into the marketplace. These can both be combined to help manufacturers who are looking to create a closed loop supply chain. This is an excellent solution for manufacturers looking to offset their purchasing costs by recycling their existing waste.
Director James Behan commented ‘We are excited by this latest opportunity. Rare earth market prices have taken a rollercoaster ride the past 3 years. Despite recent lows in comparison to the 2011 bubble, we believe market prices will rise over the long term making recycling a more viable alternative. We are already in talks with a couple of manufacturers and the feedback is positive so we look forward to facilitating deals in the coming months.’
For more information contact Reneport on 02084324676 or email info@reneport.com