Thursday, November 20 2008
Sometimes there is good news imbedded in bad news. According to the information below the value of scrap metal is falling to the point that the there is a significant decline in copper and aluminum thefts, and the scrap price of these metals is the reason why.
Scrap Metal Prices Fall, Bringing Down Thefts
EVANSVILLE - Evansville crime data points to a significant decline in copper and aluminum thefts, and the scrap price of these metals is the reason why.
This summer, metal thieves were rampant, ripping aluminum siding off houses, pulling copper downspouts off buildings, and ripping apart air conditioning units to get to the copper coils. At that time, scrap copper and aluminum were selling for between three and four dollars a pound.
But now, along with stock prices and the price of oil, the prices of aluminum and copper are going down. Right now, scrap copper and aluminum is selling for just one dollar per pound.
"I checked with our investigative unit, they say it’s significantly down from when the price of copper was near $4. We had a rash of thefts from homes and businesses during that time. It's significantly decreased from there," says Evansville Police Sergeant, Doug Schneider.
Scrap metal yards across the country are reporting much lower supplies of scrap copper and aluminum. Bad news for their business and thieves, good news for your property.