California leads on bag ban; Waste Management Inc jobs to go; Peru copper share grows; India scrap imports fall
US plastic bag ban
The California assembly has passed a bill banning single-use plastic bags across the state. This is the first action of its kind in the United States. The bill was voted in on the 28 August by a 44-20 margin and is due to be voted on by the Senate. If it gets through and is signed by state governor Jerry Brown, this will prohibit all plastic bags from California’s retailers from 1 July 2015.
European Plastics News
Hundreds of waste jobs to go
Texas-based Waste Management Inc. is likely to cut hundreds of its staff according to analysis by Wedbush Securities. This follows a similar reduction in the work in 2012, resulting in 800 jobs lost. Other analysts have said these cuts, alongside additional cost-cutting actions the company has taken, could increase its appeal to shareholders.
Houston Business Journal
Peru copper industry growing
Senior officials in Lima say Peru will become the second largest copper producer in the world. A subsidiary of China Minmetal bought shares worth $7bn (£4.2bn) from the copper project in Las Bambas, Peru. This deal indicates that Chinese backers will have shares in at least a third of Peru’s new mining projects.
Scrap import levels fall
Imports of scrap to India dropped 35% between January and May this year. Trade data showed that 1.92 million tonnes of scrap was imported into India while in 2013, during the same period, it was 2.93 million. The top three exporters of scrap were UAE, the UK and South Africa. Compared to last year, imports from UAE were slightly increased while they were significantly lower from the UK and South Africa.
Shanghai Metal Markets
Phone recycling potential
IBISWorld has released a report saying that revenues for the US mobile phone sector will significantly increase until 2019. This is being ascribed to a bigger number of mobiles available for recycling due to increased phone ownership and new technologies. It is estimated that 150 million mobile phones are thrown away annually in the US.
Extended waste management plan
Dubai’s waste management plan has been expanded. Approximately 15,000 colour coded recycle bins will be provided to households across the emirate to segregate waste. The initiative, launched in 2102, is continuing into its second phase this year with the aim of making the city greener.