United Kingdom – London-based online trading platform Recycling.com has begun to host live trades. ‘Current live trades have a value of over US$ 500 000 and there is also a large ferrous auction planned for the next few weeks, which will on its own be worth around US$ 1 million,’ the company states.
Following Recycling.com’s official launch last September, the UK company has welcomed 170 registered members across the world. Its first trades covered various grades of copper, aluminium, paper and plastics with a value of around US$ 1 million. Though its initial focus has been on Europe and Asia, it also intends to target North America.
‘It has been hard work to get to a critical mass of buyers and sellers; we have travelled across the globe to personally meet and verify suitable companies and I am proud of the high quality of member companies that we have today, representing a combined turnover in excess of US$ 12 billion,’ says Edgar Adelmund, commercial director at Recycling.com.
‘The recent success at the ISRI (US Institute of Scrap Recycling Industries) convention and exhibition – where 15 companies signed up – has reinforced our belief in our business model.’
For more information, visit: www.recycling.com
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