As a distributor of extension cords, we follow the copper market closely and as the price of copper increases, so do the incidences of copper theft.
It seems that the theft of copper from brand new homes is increasing dramatically because it is so easy to access and a thief is unlikely to be confronted when stealing from an almost finished, unoccupied home.
A new home has about 100 pounds of copper pipe and wire which gives it a scrap value of about $500.00. Replacing that copper can cost a home owner more than $10,000.00.
Some states like South Carolina require a permit in order to transport more than 25 lbs. of copper and others require that scrap metal vendors keep detailed records of all copper sellers.
Both good ideas!
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