Copper Thefts Continue To Increase, Prices To Blame
4 Articles
4 Articles
Copper Thefts Continue To Increase, Prices To Blame
It’s becoming one of the bigger trends in theft across the nation and here in the Upper Cumberland, stealing copper. Putnam County Sheriff Eddie Farris said construction sites and air conditioning units have lots of copper components and are commonly targeted by copper thieves. Farris said copper has become a top item to steal as thieves steal it to try and make a quick buck. “As of this morning, Copper was $5.21 a pound,” Farris said. “So you c…
U.S. Copper Rush: Imports Flood in and Prices Soar as Trump Tariff Looms
Copper prices surged on Monday as traders anticipated the outcome of potentially high U.S. import tariffs. The three-month copper price on the London Metal Exchange (LME) climbed to $9,925 per metric ton, building on last week’s gains after reaching a five-month high. As per Bloomberg, Mercuria revealed that around 500,000 tons of copper are now headed to U.S. ports—much higher than the usual 70,000 tons per month. This spike is directly linked …
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