EMERGING MARKET GIANTS SHOW MUSCLE IN AFRICA RECYCLING MARKET
July 1st, 2011
BY TRICIA OBEN
MATERIALS buyers from large emerging market BRIC countries (Brazil, Russia, India and China) have been dominating poorer developing world countries for years now, with Indian and Chinese buyers especially, cornering the car battery recycling market in west Africa's Cameroon, for instance. This has starved local recycling companies of supplies, forcing them to rely on lower value items, such as plastics. And while this could enable Cameroon's scrap industry to survive, it hardly helps it thrive, said Jean-Louis Fosso (SPELLING CHECKED), commercial ...
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