Lucrative for who?
If my math is correct.. BCRS will lose more money or earn lesser if they recycle more...
It takes 60-70cans to have 1Kg of aluminium... thats $6-7 returned to consumers... but scrap aluminium only costs btw $1.50-3.00... BCRS loses $3 for every 1Kg recycled...
Even if they earn from a fixed contributions from manufacturers and importers... and every can/bottle have a small administrative fee... I suppose it is much less than the 10cents...
In fact... they "earn" from unredeemed/unclaimed 10cents deposit... they earn more if pple doesn't return the cans/bottles... quite ironic isn't it... BCRS is formed to promote recycling... but yet their profit/sustainability depends on pple not recycling!
Their math ain't mathing
Singaporeans aren't making a cent
They pay 10 cents and collect 10 cents back
The manufacturers apparently pay 10 cents a can and get back the 10 cents when consumers buy a can
So who's paying the consumer?
I always thought Singapore government make up the shortfall cos if a can can't be sold for 10 cents, like sold for 3 cents, the balance must come from somewher
And.lets not kid ourselves
Singapore doesn't have a good history or track record of making money
So they aren't selling cans to Wakanda for 15 cents