LONDON - Recycling, one of the environmental objectives of the modern automotive industry, is under threat, according to a UK report.
The value of material reclaimed by recycling is falling below the cost of reclaiming, said Roger Twiney of UK industry association SMMT.
'We currently recycle around 75 percent of vehicles by weight and are aiming for 85 percent by 2002 and 95 percent by 2015,' Twiney said. 'However, the economics of recycling are vulnerable to fluctuations in the prices of raw materials.'
Twiney said the value of materials reclaimed from the average car has fallen to $33 this year from $82 in 1997. He blamed a depressed world market for metals and plastics, and a glut in vehicles reaching the end of their lives.