Despite a steep drop in the value of copper (along with just about every other commodity) over the last year, thefts of copper from telephone networks and other places do not appear to have become less frequent. This week, Embarq, which has been a frequent victim of copper theft in the past, raised its reward for information about copper crimes in part of Florida from $1,000 to $5,000. The FBI attempted to increase attention on copper thefts late last year, saying the price of copper had increased 500 percent in just a couple of years. While that may have been the case, the price apparently has been dropping fast of late. According to Multichannel News, the value of scrap copper is around $1.10 per pound, less than one-third of what it was about a year ago. Perhaps the thieves have not realized that things are tough all over.
- Multichannel News has this story
The FBI recently put out a report on copper theft
Copper theft has been a growing problem