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Metal Prices Are Soaring. So Is Metal Theft

15 pointsby digital55over 1 year ago

6 comments

ProllyInfamousover 1 year ago
A few years ago, I was an inventory manager at an electrical contracting shop — we had tens of thousands of dollars <i>just in copper wire</i>.<p>One morning, I arrived to a burglar attempting to steal from our supply house. I performed a citizen&#x27;s arrest (<i>do not recommend</i>)[1] with some of the other workers, but was the only employee called in to the perpetrator&#x27;s trialS as I was &quot;the boss&quot; and was the one who bound him physically (multiple wastes of time, the guy &quot;knew how to <i>play</i> the court system&quot;).<p>[1] In the future, I will not call the police.
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catherinecodesover 1 year ago
Stealing copper cables from electricity posts is common throughout much of the world. Here&#x27;s an example[1] robbery. It usually amounts to a gain of a few days&#x27; wages for the thief, and a loss of half a day&#x27;s electricity for the neighborhood.<p>1: <a href="https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=kG8Uju1JOkY" rel="nofollow">https:&#x2F;&#x2F;www.youtube.com&#x2F;watch?v=kG8Uju1JOkY</a>
c_o_n_v_e_xover 1 year ago
I was in the HVAC industry throughout the 2000&#x27;s. Metal thieves generated quite a bit of business for us. Thieves irreparably saw up condenser units to take the heat exchangers (copper tubing + aluminum fins). I can only imagine how much R22 (GWP of 1810) was released into the atmosphere.<p>They&#x27;d also target our trucks to get any stored wire, tubing, fittings, or power tools they could get their hands on.
thriftwyover 1 year ago
That&#x27;s the late USSR degeneration syndrome.<p>Decrease in male life expectancy, opioid epidemic and now also metal theft.
hex4def6over 1 year ago
Tangentially related, but I was at my local Home Depot, buying a grounding rod. It seemed like an amazing deal -- 5&#x2F;8&quot;, 8 ft for $19.60. Weighing it, it&#x27;s 6.6 lbs.<p>Scrap prices according to the web are $3 to $3.30 for that quality of copper. Which means I could potentially be making $2 &#x2F; rod buying them and selling them to the scrap yard...<p>It makes me wonder if the Home Depot prices are just lagging the market. Maybe I should stock up.
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h2odragonover 1 year ago
Scrap metal prices are nowhere near the peaks they hit in 2007.
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