Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

Thefts mean heightened copper activity

While many industries ease their way into the Christmas break, a series of thefts means that non-ferrous dealers will be frantically moving copper before the shutdown.

Prices for the metal have shown constant rises in the past five months, with dry bright wire trading at £2,060/tonne and all types edging towards the £2,000/tonne mark.

Yards in Sheffield and the midlands have been particularly badly hit, with several cases and one yard reporting losses of over £4,000.

West Country Metals director Nigel Holland said: “I can imagine it being a huge problem for those leaving the metal in the yard. If the prices go up any more, they’ll be pinching it from the street lights.”

With iron and steel prices and trading conditions fairly lulled at present, traders are compensating by dealing more in copper. But the risks associated with leaving the metal in the yard for the week-long shutdown has further increased activity.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.