Samsung is already re-purposing some of its Galaxy Note 7 handsets as the new Galaxy Note Fan Edition, although the company has a lot more units of the original device which it intends to recycle.
The company will not use all of the Galaxy Note 7 units that were recalled for the new Fan Edition, so the rest will be recycled.
Samsung will star recycling the rest of their Galaxy Note 7 handsets this month and the company is expecting to recover 157 tones of rare metals for the Note 7.
On top of the precious metals being recycled, Samsung will also collect the displays, processors and camera modules from the handsets to be used as replacement parts for devices that are sent in for repair.
Samsung is expected to launch their new Galaxy Note 8 smartphone later this year, the handset is rumored to be made official just before IFA at the end of August and then go on sale in September.
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