With the price of scrap metal at an all-time high and copper increasing by more than 20% since February 2024, metal theft has increased exponentially in recent times. From our experience, when copper prices rise, so does the associated crime as criminals become willing take greater risks to pursue theft.
The All-Party Parliamentary Group (APPG) inquiry in early 2024, found that metal theft is a known revenue stream for organised crime and has cost the UK economy an estimated £4.3 billion during the past 10 years. causing major safety, operational, and profitability issues for businesses across the UK.
Why is copper so important for construction and utility companies?
Copper is an integral element within the electrics, cabling, plumbing and roofing structure of buildings. The most common type of metal theft is the copper wire and piping found throughout buildings and in particular, utility installations. The removal of these items is highly likely to cause mass damage to electrical and water systems, leading to high value repair costs and health and safety concerns for the organisation impacted.
The hidden dangers of copper theft
Thieves will often steal directly from properties where the wiring is still live, making the impacted system very dangerous. Thieves will traditionally target cables that are directly fed from sub-stations, switches, or the main incoming feed as these are typically where the heaviest cables are located, and as a result, is where the most lucrative copper is found.