Tyre recovery prices could double
Tighter waste recovery practices in India will drive “a big increase in recovery costs across Europe and beyond”, according to industry body the Tyre Recovery Association (TRA). Together with similar moves in some other SE Asian countries, the TRA warns vehicle dismantlers and tyre retailers that disposal costs could “as much as double” in the coming weeks and months.
TRA secretary general, Peter Taylor said: “The true cost of tyre recycling has long been masked by artificially low pricing for exported waste especially to India. Britain, together with the USA and a number of other European countries, has been affected by this trade imbalance but recent action by India’s authorities in particular is bringing about a large reduction in this trade. As a result, tyre collection and recovery cost in the UK and beyond may be expected to rise considerably as the cost of tyre recycling reverts to economically realistic levels”.