Scrap Theft all time high
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With copper scrap Prices High, Thieves Have More Incentives Than Ever
As of early May nonferrous scrap metal price lists are valuing copper between $2.40 and $3.00 per pound, depending on quality. If you're not familiar with the copper market, that's more than double most rates from 2003. Aluminum prices have also made steady gains. The demand for these metals around the world (especially in China) is driving prices to these new highs, but it's also driving many Americans to aluminum and copper theft.