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This is a guest post from Felicia from Copper Prices Today.

In the past few years if you have listened to the news then you would know that the price of copper is on the rise. With the price of copper going up so is the number of incidences where people are stealing copper. These people are not just looking for scraps of copper but even stealing it off your conditioning systems from your house.

What needs to be understood is that the price of scrap copper and raw copper are different. Thus when there is less raw copper and scrap copper starts showing up, the price of scrap copper will go up. It is said that certain copper companies are being held off the market to drive up the price of scrap copper, this is also said about China as a whole that it is not selling its raw copper to drive up the price of scrap copper.

If all the factors are working towards driving up the scrap copper prices then it would be a normal assumptions to think that people stealing copper would be on the rise, and it is. The amount of copper being stolen is higher then it has been in many years, but people are trying to make a few bucks and with the price of scrap copper being so high it is going to happen.

This causes companies who use copper to be extra cautious and safe, copper wire is stolen very often. Clean uncoated copper wire and scraps sell for the highest amount, so if a bundle of copper wire is coated you would think you would have less to worry about. This is not true because the people stealing copper wire will burn off the coating and clean the copper as well as they can to sell for a higher price.

The price of scrap copper will continue to be high as long as the amount of minned copper is down. As scrap copper prices rise the amount of stolen copper will stay high, so be careful.