Cop­per theft on the rise

Weekend Argus (Saturday Edition) - - NEWS -

COP­PER theft in­creased to a level of R9.5 mil­lion last month, the SA Cham­ber of Com­merce and In­dus­try (Sacci) said.

Ac­cord­ing to the Sacci Cop­per Theft Barom­e­ter, cop­per theft stood at R9.2m in Oc­to­ber.

Sacci said the Novem­ber in­crease was the first since Au­gust this year, and more likely to re­flect an ac­count­ing lag.

The Cop­per Theft Vol­ume In­di­ca­tor in­creased to a level of 131 met­ric tons last month, up from 128 met­ric tons in Oc­to­ber.

The in­ter­na­tional spot price of cop­per in­creased to a monthly av­er­age, to date, of $7 109 (about R73 791) per met­ric ton this month, from about R73 365 in Novem­ber.

Cop­per waste ex­ports in­creased to $62.9m last month, from $ 58.2m pre­vi­ously. – Sapa

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