Nokia to buy-back old phone models to recover precious metal inside

Mobile phone giant manufacturer Nokia is reportedly buying specific old mobile phone models to recover rare precious metals inside, a Gizmodo report said on Monday.

According to the report, specific phone models 3210, 5110, and 3310 have IC (integrated circuits) that has palladium content. The company wants to recover such precious metal after world market announced that the price of palladium has almost doubled recently.

Nokia did not release an estimate as to how many old phones out there to recover, but the report said that in the Philippines alone, the company is eyeing to recover at least ---- of the said precious metal.

The report also said that only Finland-made Nokia old phones are subject for recall. China-made phones used different ICs without palladium, the report said.

There is no specific details about the buying price of old phones, but Gizmodo estimates at least P1,000 per phone, working or not-working. /Benjie Calibre/

Note: Please read our About Us page if you have any confusion

Loading...