copper

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Construction Theft Is Building Concern

$5B in annual losses drive home prices up by as much as 10%

(Newser) - Increasing theft of building materials from construction sites, especially residential projects, is driving up the cost of homes to consumers as much as 10%, the New York Times reports. Experts say as much as $5 billion a year is being lost to thieves looking to profit from skyrocketing prices for...

Sculpture Thieves Seek Scrap Metal
Sculpture Thieves Seek Scrap Metal
May 1, 2008 4:39 PM CDT

Sculpture Thieves Seek Scrap Metal

Commodity prices driving thefts; more artists steering clear

(Newser) - A wave of sculpture thefts has little to do with the pieces’ artistic merit: Police believe they’ve been stolen for their valuable copper content, the Wall Street Journal reports. In the past 18 months, three public artworks displayed in Brea, Calif., have disappeared—and the trend is appearing across...

Broken Tech Becomes Gold Mine, Literally

Commodity prices have 'urban miners' panning discarded electronics

(Newser) - No matter how broken it is, your old cell phone is still valuable to some people. That’s because it, like most electronics, is loaded with copper, iridium, gold, and other commodities that are becoming more expensive by the day. “To some it's just a mountain of garbage, but...

Steal the Pipes, Ditch the House

As metal prices soar and housing prices dives, thieves find value in copper

(Newser) - Rising metal prices have rendered some foreclosed homes worth less than their plumbing, and thieves are stripping the vacant abodes of copper, aluminum, and brass to fuel a lucrative overseas trade. Several states have hardened penalties for metal theft, but skyrocketing nonferrous metals prices have thieves risking steel cages for...

Rio Tinto Rejects $147B BHP Bid
Rio Tinto Rejects $147B BHP Bid
UPDATED
Feb 6, 2008 11:24 AM CST

Rio Tinto Rejects $147B BHP Bid

Mining giant holds out for an even better offer from rival

(Newser) - Rio Tinto today rejected a $147.4B bid from rival mining giant BHP Billiton, the Wall Street Journal reports. Although the bid would have been one of the largest takeovers ever, Rio is holding out for a sweeter deal. "BHP Billiton's offers, while improved, still fail to recognize the...

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