Skip to content

China discovered a gold mine worth €70 billion a year. It was visible for decades, but no one knew how to use it until now.

Scientist pouring liquid from beaker on circuit board in a lab, wearing gloves and lab coat.

Researchers in China say they have solved a long-standing puzzle: how to extract the vast reserves of precious metals locked inside electronic waste safely and cheaply-turning a global trash problem into a multi-billion-euro resource.

A gold rush hiding in plain sight

Your first smartphone, the scratched tablet from 2014, that chunky laptop in the attic-each contains tiny traces of gold. Not nuggets, just microscopic coatings on connectors and chips. On their own, they are almost worthless. Taken together, they form a metal deposit larger than many traditional mines.

Global e-waste is surging. UN figures suggest the world could generate around 82 million metric tons of discarded electronics in 2030. Inside are circuit boards, processors, and motherboards speckled with gold, palladium, and other valuable metals.

The real “mine” isn’t buried deep underground; it’s scattered across households, warehouses, and scrap yards in every major city.

For years, industry has known this “urban mine” existed. The challenge was exploiting it without poisoning workers, communities, and rivers in the process.

Why nobody really used this mine properly

Traditional gold recovery from electronics relies on harsh, hazardous chemistry. Cyanide-based leaching is highly effective at dissolving gold but carries serious health and environmental risks. Other methods use high-temperature smelters that consume huge amounts of energy and release toxic fumes.

So while some specialized recyclers did strip metals from old circuit boards, enormous amounts of e-waste still ended up in landfills or informal dumps. In lower-income countries, workers often burned cables or used crude acid baths to recover a few grams of metal, breathing toxic smoke for pennies.

In theory, the numbers were always staggering. In practice, the economics and the pollution made full-scale recovery difficult-and often politically toxic. That’s the gap Chinese researchers now hope to close.

A clever chemistry trick that makes gold dissolve itself

A domino effect on the metal surface

The new process comes from a team at the Guangzhou Institute of Energy Conversion, part of the Chinese Academy of Sciences, working with South China University of Technology. Instead of giant furnaces or aggressive acids, they developed a mild, water-based solution using two common salts: potassium peroxymonosulfate and potassium chloride.

At first glance, it sounds unremarkable. The key is what happens when this solution touches gold or palladium on a circuit board. The metal becomes its own catalyst, triggering a chain reaction right on its surface.

That reaction generates highly reactive oxidants-such as singlet oxygen and hypochlorous acid. These species chip away at metal atoms, detaching them one by one, then binding them with chloride ions so they dissolve into the liquid.

The metal effectively helps dissolve itself, turning solid gold into a recoverable solution without the harsh side effects of cyanide.

From scrap chips to nearly all the gold

Tests on used processors and printed circuit boards show the method can recover about 98.2% of the gold they contain in just 20 minutes at room temperature. For palladium-another important metal in electronics and catalytic converters-the recovery rate reaches around 93.4%.

On average, 10 kilograms of circuit boards yield roughly 1.4 grams of gold. Using the new method, the researchers estimate the total processing cost at about €65 for those 10 kilograms. That works out to roughly €1,350 per ounce of recovered gold-well below a gold price that has recently been above €3,800 per ounce.

Those margins look very attractive once scaled to industrial volumes of e-waste.

Cheaper, cleaner, and designed for scale

Cutting energy and chemical costs

Beyond the strong recovery rates, the process stands out for what it avoids: extreme temperatures and exotic, expensive reagents. The team estimates the technique cuts energy use by about 62% compared with typical industrial methods. Spending on chemical reagents drops by more than 90% versus cyanide-based approaches.

Less energy means lower operating costs and a smaller carbon footprint. Fewer aggressive chemicals means less hazardous waste and fewer polluted sites left to future generations.

After leaching, the dissolved gold is pulled back out of solution using standard reduction and purification techniques, yielding high-purity metal ready for sale or reuse in new electronics.

Lower energy use, fewer toxic byproducts, and high recovery rates bring e-waste recycling closer to a mainstream, profitable industry rather than a niche or informal activity.

A process that can move beyond the lab

The researchers argue their design can be turned into a compact industrial line: no giant furnaces, no rare catalysts, and no need for remote mining towns. A modest-size plant could sit next to an e-waste collection center, processing discarded electronics from households and businesses.

That proximity could reshape global metal flows. Instead of shipping old phones from Europe or Africa to massive smelters in Asia, local facilities could recover precious metals themselves-keeping value, and jobs, closer to where the waste is generated.

How you get to €70 billion a year from old phones

Running the numbers on the “invisible” mine

The research team and UN data suggest a straightforward-if startling-calculation:

  • Projected global e-waste in 2030: about 82 million metric tons per year
  • Share made up of circuit boards: roughly 5% on average (between 3% and 7%)
  • That yields around 4.1 million metric tons of boards potentially treatable
  • Each metric ton of boards holds about 140 grams of gold on average
  • Total theoretical gold: roughly 574 metric tons per year
  • With 98.2% recovery: about 564 metric tons of gold actually extracted

One metric ton of gold equals about 32,150.7 troy ounces. Multiply by 564 metric tons and you get around 18.1 million ounces of gold. With prices above €3,800 per ounce, the annual value of recovered gold alone approaches €70 billion.

For decades, this “mine” sat in landfills, recycling centers, and closets-visible to anyone, yet commercially out of reach. Chemistry may have just changed that.

And that headline figure doesn’t include palladium, silver, copper, and rare metals also present on those boards. Combined, they could add several more billions to the total value of the urban mine.

What this could mean for mining, geopolitics, and households

Pressure on traditional gold mining

If technologies like this spread, they could gradually ease pressure on traditional gold mines-many of which sit in environmentally sensitive regions or in areas plagued by unsafe working conditions. Recycling won’t eliminate the need for mining, but it could delay new mines and reduce demand for some of the most damaging operations.

Countries without major natural gold reserves but with heavy electronics use-in Europe, North America, and parts of Asia and Africa-would suddenly hold a different kind of resource: their stockpile of old devices.

New players in the metals game

For China, already dominant in rare earths and battery materials, efficient precious-metal recycling could strengthen its role as a global processing hub. But the technology isn’t tied to any one nation. Any country that can collect and sort e-waste at scale could adopt similar chemistry, either by licensing the process or developing its own variants.

That shift could push governments to treat e-waste not as a nuisance but as a strategic resource. Incentives for take-back programs, mandatory collection points, or device deposit systems could move quickly from environmental policy into industrial strategy.

What this means for your old electronics

At the household level, the per-device value is still tiny-just a few euro cents’ worth of gold in a typical smartphone. You won’t get rich melting old phones in your kitchen, and you’ll almost certainly damage your lungs trying.

But your devices matter to the bigger picture. The more effectively countries collect e-waste, the more feedstock these new processes receive. Municipal programs, retailer take-back initiatives, and repair shops all become part of the supply chain for this emerging “gold mine.”

Some analysts already see potential for cities to treat electronic waste streams as long-term assets. A well-run collection system can supply local recyclers, who then sell refined metals to regional manufacturers-closing a loop that today is mostly linear and wasteful.

Key concepts worth unpacking

What “autocatalytic leaching” actually means

The term sounds intimidating, but the idea is simple. “Leaching” is dissolving metal out of a solid. “Autocatalytic” means the metal itself helps speed up that reaction.

In this Chinese method, gold and palladium trigger the formation of reactive oxidants right where they sit on the board. The reaction sustains itself: as long as metal remains, it continues efficiently. Once most of the metal is gone, the reaction naturally slows. That self-regulating behavior is one reason the process can run at room temperature.

Risks, limits, and next steps

Even a greener method raises questions. Scaling up means handling large volumes of chemical solution, which still requires proper treatment and closed-loop management to prevent leaks. The process targets high-value fractions like circuit boards; low-value plastics and mixed scrap still need separate processing.

There’s also a social dimension. Many people in the Global South rely on informal e-waste work for income. If advanced recycling plants replace those activities without offering safer jobs, communities could be left worse off. Policymakers will need transition plans that protect both people and the environment.

Still, the core scenario is striking: a waste stream growing by millions of metric tons each year could become a stable, long-term source of gold and other metals. The “mine” is already there. The chemistry to tap it is finally starting to catch up.

Comments

No comments yet. Be the first to comment!

Leave a Comment