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October 12, 2008 10:51:54 PM CDT

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Stories related to: metal prices

Stories

7 Stories

  • August 2008

    • Construction Theft Is Building Concern

      New York Times  |  Aug 28, 08 9:33 AM CDT

      Construction Theft Is Building Concern

      (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 building materials and metal prices. More »

      Tags

      crime  • theft  • construction  • law enforcement  • metal prices  • home builders  • copper  • commodity prices

    • Gold Medal Is Priceless, But Metal Is Worth $215

      MarketWatch  |  Aug 20, 08 8:49 PM CDT

      Gold Medal Is Priceless, But Metal Is Worth $215

      (Newser) - Michael Phelps’ eight Olympic golds may be priceless, but they're not worth that much to a commodities trader, MarketWatch notes. This year's gold medals are made mostly of silver and coated with less than a quarter-ounce of gold, putting their value around $215. But people are, of course, willing to shell out much more for a piece of Olympic history. More »

      Tags

      2008 Beijing Olympics  • Michael Phelps  • gold medal  • metal prices  • silver  • commodity prices

  • July 2008

    • Manhole Cover Thieves Hit Streets of Philadelphia

      New York Times  |  Jul 23, 08 8:47 AM CDT

      Manhole Cover Thieves Hit Streets of Philadelphia

      (Newser) - These days you have to watch your step in Philadelphia. The City of Brotherly Love is suffering from an epidemic of manhole-cover theft, as rising scrap metal prices have led to a 2,500% increase in stolen covers and grates. Thieves are selling the covers for $5 to $10 at junkyards, reports the New York Times, and some streets now have so many orange cones marking off danger zones that they look like a slalom course. More »

      Tags

      Philadelphia  • theft  • metal prices  • steel  • iron

  • May 2008

    • US Rations Silver Dollars as Investors Scoop Them Up

      Wall Street Journal  |  May 23, 08 9:31 AM CDT

      US Rations Silver Dollars as Investors Scoop Them Up

      (Newser) - Investors and coin collectors are hopping mad at the US Mint for placing quotas on purchasing silver dollars, the Wall Street Journal reports. The price of silver has more than doubled in the last three years, and investors looking to cash in on the boom—and avoid the stock and real estate markets—are snapping up this year's "silver eagles" much faster than the mint can make them.  More »

      Tags

      US Mint  • metal prices  • collecting  • coins  • silver

    • US Shooters Hit By Soaring Bullet Prices

      Reuters  |  May 20, 08 2:57 AM CDT

      US Shooters Hit By Soaring Bullet Prices

      (Newser) - Gun users across the US are having to tighten their ammo belts as bullet prices soar, Reuters reports. Sky-high worldwide demand for copper, lead and zinc means the price of most bullets has shot up two to three times in the last couple of years. Add to that competition for ammo from the US military, engaged in two wars. Budget-conscious shooters are having to bargain hunt, reload less often, and reuse old casings. More »

      Tags

      gun  • metal prices  • ammunition  • shooters

  • April 2008

    • Steal the Pipes, Ditch the House

      Reuters  |  Apr 2, 08 3:04 PM CDT

      Steal the Pipes, Ditch the House

      (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 copper pipes, reports Reuters. More »

      Tags

      housing crisis  • subprime crisis  • foreclosure  • burglary  • black market  • metal prices  • copper

  • February 2008

    • Paulson Wants to Toss Pennies

      Associated Press  |  Feb 29, 08 4:15 PM CST

      Paulson Wants to Toss Pennies

      (Newser) - Henry Paulson sees little point in pennies and would stop their production if he could, the AP reports. “The penny is worth less than any other currency,” the Treasury Secretary said today in a radio interview. But a sea change in change isn't imminent: Paulson says he has bigger challenges to tackle in the last year of the administration. More »

      Tags

      Henry Paulson  • Treasury Department  • US Mint  • US currency  • metal prices  • penny

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