Copper theft continues to climb
The South African Chamber of Commerce and Industry (Sacci) on Thursday voiced concern that the recent upward movements in copper theft would become entrenched as the chamber's copper monitor report showed another monthly rise in copper theft.
“The outlook for reduction in copper theft levels for 2014 is concerning, given the consistent increase in theft levels over the past three months,” Sacci said in a statement.
Sacci’s Copper Theft Barometer showed that, in April, the theft of copper increased to R12.5-million. This represented a 26% jump on April last year and an increase on the recorded R11-million in March and R10.7-million in February.
It was also the second consecutive increase in the yearly growth rate, the organisation said, noting the reversal of the general downward trend over the last two years.
The copper theft volume indicator increased from 136 t and 153 t in February and March, respectively, to 176 t in April.
Further, the international average monthly spot price of copper increased from $6 695/t in April to $6 861/t in May.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















