The UK will produce gold from e-waste
The British Royal Money Printing House plans to build a factory that will produce gold from electronic waste.
The plant will be built in collaboration with the Canadian company “Exir”, which has a patented technology for extracting over 99% of the gold used in the production of laptops and phones. The new plant should create a new source of precious metal in the industry, among other things.
Construction is due to begin this month and the plant will be located in South Wales. It should be fully operational by 2023 and will process up to 90 tonnes of graphics cards per week. When completed, this plant will be the first of its kind in the world.
This will produce hundreds of kilograms of gold a year, which will finance about 40 salaries. More than 50 million tons of e-waste are generated worldwide each year, but less than 20 percent of it is recycled. By 2030, 74 million tons of electronic waste will be generated annually if nothing is done.