"DRUGS, domestic violence, copper theft and burglary lead the list..."
"The one [crime] that has increased almost beyond belief is copper theft," says Sheriff Barbara. "It's so much in demand by manufacturers, the price has doubled or more in the past two years.“Today's price, $3.18 a pound, could get higher tomorrow. The thieves watch outdoor machines, old-model cars and collections of electric wire. Often they return to check out the location and number of people who live or work nearby. To them, old copper is future cash; sometimes big cash."
“The copper market has been hurtling headlong into a prolonged shortage. Loads of copper projects shut down during the financial crisis. Now that demand is rising fast again there's just not enough new mines producing copper to keep everyone happy. In this mad scramble for copper, the highest bidder wins.“Now the opportunists are turning up the heat. Those nice chaps at J.P.Morgan have apparently got their grubby little mitts on over HALF of the copper on the London Metal Exchange (LME). This represents 175,000 tonnes, or a THIRD of the world's reported copper stash.“Imagine you went to the pub with a hard earned thirst. It's been a hot day and you're up for a good few beers with some mates. You then find some punter got in early, and bought up a third of the pub's beer. Then he says ‘when you really want this beer, I'll sell it to you at a profit.'“The people that actually need the copper; sparkies, plumbers, and manufacturers are all in the same predicament. In my pub analogy you'd most likely be having words with the publican. But the genuine users of copper don't have this choice.“This is a game-changer for the copper market. The price is going to jump on this sudden market tightness.”