Creative Security Blog

Rising Copper Prices = Rise in Copper Thefts

  

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Recently, copper metal prices have soared back up to over $3 a pound. According to many economists and this latest report from CNN, copper metal is a leading indicator of economic recovery because it's used so broadly all over the world. During the recession, there was concern over the drop in demand for copper, but with the economy turning around, copper is back on the rise. Additionally, there's still a great deal of pent up demand for copper from the Chinese market, and economists predict that once this demand opens up, there will be an exponential rise in copper prices.

So what does the rise in copper prices mean for the security of your business? Plenty.

Rising copper prices generally equate to an immediate rise in copper thefts. With copper piping and wiring becoming much more valuable in the open market, copper thieves know they can fetch a hefty price tag for this precious metal in just a few hours time.

At specific locations, such as commercial buildings and construction sites, copper metal can be found in abundance and is relatively easy to steal. Once stolen, it's virtually impossible for authorities to track or recover from recyclers, making copper theft a low-risk, high-profit crime that many copper thieves can't resist.

Within the past year alone, copper thefts have increased in some Bay Area counties by as much as 300%, with two-thirds of these thefts occurring at commercial buildings. With vacancy rates at all-time highs, and copper prices soaring once again, thieves will be stealing more copper and damaging more commercial property at extremely alarming rates. Losses from the copper thefts are costing companies thousands, while costs to repair damaged buildings, missed project deadlines and soaring insurance premiums, some by as much as 500%, are compounding the problem.

Solutions such as CSC's Snitch Security System exist today and are designed specifically to help commercial property managers, building owners and construction sites fend off would-be copper thieves. Developed by leading copper theft experts, The Snitch is CSC's impenetrable and unbeatable wireless burglar alarm system designed specifically to stop copper thieves from attacking commercial sites. It boasts a 100 percent success rate at stopping copper thieves and provides complete protection around the clock to ensure CSC's customer's sites are always secure.

Don't let the recent rise in copper prices put your company's safety and security at risk of being attacked by copper thieves. Contact CSC today for more info on how the Snitch can provide you with complete protection for a fraction of the cost of traditional security measures. You can also download a free CSC webinar on "How to Stop a Copper Thief" and learn cost-effective methods for stopping copper thieves at commercial buildings & construction sites.