The Royal Mint has announced that it’ll extract precious metals from all the E-Waste generated in Britain. According to Material Focus, a group that’s involved in research on E-Waste, Brits throw away about 300,000 tonnes of electronics every year, which includes 95 tonnes of precious metals- like silver and palladium. The Royal Mint also expects to extract about 100 kilograms of gold every year to put into coins and bars.
Scott Butler, Executive Director of Material Focus, said there was "huge potential" in recycling electricals."Our research has indicated that if all the unwanted electricals we hoard or throw away every year in the UK were recycled, we'd have enough gold to make over 858,000 rings," he said.
According to UN estimates, only 20% of global E-Waste is processed properly, and Britain exports 99% of its waste, which is melted for metal extraction. The Royal Mint is now trying to do it in the country at room temperature for reuse. They also expect to extract copper, tin and aluminium for reuse.