posted by Nicole
An overall drop in commodity prices over the last few months, has forced down the value of recycled items overall by about 50 per cent, depending on the buyer.
But NexCycle, the glass recycler south of Guelph that not only handles the city's glass, but all liquor bottles recycled by the province, says it is doing okay.
General manager Scott van Rooy, said glass is safer because regardless of a slumping economy people still need to drink. And because it is heavy, it wasn't being shipped to China anyways.
Business has changed, including one of NexCycle's major buyers in Illinois calling it quits. But van Rooy says the slumping U.S. economy means that glass producers are closing and therefore there is more demand for recycled glass. This means new business for NexCyle.
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