OT-copper prices

Anonymous-0

Well-known Member
What's making copper prices so high that people are going into houses and taking the wiring and plumbing? I've got a vacant house and garage on a 40 about a mile away and over the weekend thieves broke in and took everything that was copper,even ripped the under ground wiring going to the well, passed up on some tools that was there, seems stupid to risk getting caught just for a few hundred feet of copper. Had planned on storing an old tractor in the garage but might not be such a good idea.
 
Commodities futures showing new copper @$3.41 a pound for September.Scrap clean copper fluctuating around $2100-$2500 a ton
 
I recently sold a small amount of #1 Copper for $2.80/Lb. That would put it at $5,600.00/Ton.. I sure would like to have a few tons to sell...
 
China and India are trying to "electrify" their countries since they have a surplus of US dollars. That has created a large demand for copper wire thus the price of scrap has made it attractive for methheads to steal it from any possible source.
I caught one taking the aluminum roofing off my barn one morning. I threatened her with a backhoe and a big hole- haven't had any trouble since.
Grub
 
I guess when people are desperate for whatever reason they do all sorts of foolish things. Theives broke into my Dads plating shop and stole all of the nickle, cadmium, copper, and chromium balls that they are used as cathodes in the plating tanks. They took all of the stored stock as well as all the stock that was in the tanks.

Does your remote house have aluminum siding? If it does that will be gone next. They steal it around here while the people are still living in the house.
 
Old ones are already worth more then a cent. I don't know if the new ones have much (if any) copper in them.
 
It's hard to believe this has spread so far out of heavily populated urban areas. Hard to predict that something the crackheads were doing in places like NYC where I worked for many years, long ago, would become a problem everywhere today. It's obvious the prices of scrap have made it attractive for anyone who does not work and has to support their selfish drug habits by going so far as tearing out plumbing and electrical items in a residence or building they do not own. They have been doing this for years in NYC, people burning insulation off large conductors, in abandoned lots, stinking up the neighborhood with the toxic smoke, destroying abandoned, occupied or in process of remodeling homes, buildings etc. One of my employees had a 2 story brownstone in Brooklyn off Livonia ave and the crackheads took all the plumbing out, it was under rehab for investment, was a lot of good oppurtunities back then to get some deals on buildings, restore them and re-sell at a big profit, certain neighborhoods that were bad, then became popular attactions to avoid the high rents of Manhattan, only problem was you need a night watchman who is not on crack or in cohoots with the thieves while rehabbing said building.

Mongo madness is what we called it in the construction business, for scrap items found on job sites. Waste in that industry was and probably still is terrible, I used to hammer our ironworkers about wasting expensive fasteners, but also gave them carts with bins to work out of, re-stock at the shanty in the morning, the crackheads love to break into construction sites and job trailers, shipping containers shanties etc.

In '94 I changed out a heater core in my old ford ranger, tossed it into a trash can on site, it did not last 1 hour. This was a big pipe job, trades were off site already, crackhead or homeless person checking the trash cans must have taken it.

A lot of the trades people would collect valuable scrap metal items found on the concrete decks or elsewhere around the large jobsites, fill buckets at home, go to the scrap yard annually with what they carried home each day, it adds up.


It's real sad that these people do this, it's a problem in the city adjacent to the town I live in, all started in the big cities, fueled by drug habits, and is a real pain to prevent from happening to any idle or unoccupied building. I would support a bill to immediately execute any perpetrator caught in the act/redhanded of doing this. This is one of those crimes that really gets me, while your back is turned is the only time they strike, and what does an owner do when this happens and there is no way to recover the loss. Sad news, I hope they get caught, and you find a way to recover that loss.
 
I was reading a page yesterday that discussed whats going on with copper.
http://www.csoonline.com/read/020107/fea_metal.html
 
Ever thought about the fact that the crackheads and theives that steal this stuff are just part of this problem?The scrapyards are just as guilty for buying the stolen goods from these scoundrels.Most of them can be spotted a mile away.But the scrap dealers give them what they want and the dirty deeds continue.
 
I bought a three tractors a few years back thet were AC Model M's. One of them had the radiator core cut out, leaving the top' and bottom tank's still bolted in place. For about less than 10.00 for a scrap radiator, it will cost more than 350.00 to replace the radiator, if I wanted to. You might not want the tractor out of your control. Stan
 
In the last couple of weeks one was electrocuted trying to steal energized power company lines just north of Cincinnati.

There was also a case about a month ago in Osgood, IN that 4 people were caught stealing RR track supplies where the old NYC tracks are being upgraded to serve that new Honda plant in Greensburg. We are talking serious weight there.
 
Simple. Copper is easy to steal and impossible to identify. Why steal your tools that have serial numbers and might be etched or marked in some way. There's a hance they can get caught with the stuff, plus they've got to fence it or try and sell it hot... and they're not getting big money for that. Copper pays damn well for a few hours work.
They're cutting some of the old neutral wires off the poles here now. There is/WAS still sections of copper neutrals in places. Near as some of us can figure they have a sawzall taped to a length of black plastic pipe. Reach up, cut it off at the insulators, do the other end, gather it up, gone. They pulled something lke 2 KM of phone line here a month ago... It's pretty easy money when you burn it off, head to the scrap yard in the morning and sell it, no questions asked.

Rod
 
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