Stocks of virgin-mined materials utilized in linear economic flows continue to present enormous challenges. E-wastes are the fastest growing waste streams, and threaten to grow into a global problem of unmanageable proportions. An effective form of management of resource recycling and environmental improvement is available, in the form of extraction and purification of precious metals taken from waste streams, in a process known as urban mining. We demonstrate utilizing real cost data from e-waste processors in China that ingots of pure copper and gold may be recovered from e-waste streams at a cost that makes urban mining economically more attractive than virgin mining. When these results are generalized across different metals and countries, they promise to have widespread beneficial effects on waste disposal as well as important repercussions on mining activities globally, as the circular economy comes to displace linear economic pathways.