Metal theft is "the theft of items for the value of their constituent metals".[1] It usually increases when worldwide prices for scrap metal rise, as has happened dramatically due to rapid industrialization in India and China. Apart from precious metals like gold and silver, the metals most commonly stolen are non-ferrous metals such as copper, aluminium, brass, and bronze. However, even cast iron and steel are seeing higher rates of theft due to increased scrap metal prices.[2][3]
One defining characteristic of metal theft is the motivation. Whereas other items are generally stolen for their extrinsic value, items involved in metal theft are stolen for their intrinsic value as raw material or commodities. Thefts often have negative consequences much greater than the value of the metal stolen, such as the destruction of valuable statues, power interruptions, and the disruption of railway traffic, or the thieves in question becoming a path to ground, resulting in electrocution.
- ^ "Indianapolis Metal Theft Project". Community Research Center, University of Indianapolis. Archived from the original on February 3, 2010.
- ^ "2008 Metal Theft Investigations Seminar". International Association of Property Crime Investigators. Archived from the original on 2011-10-04.
- ^ Schwartz, Emma (March 27, 2008). "Price Hikes Lead to Rash of Metal Thefts". U.S. News & World Report. Retrieved August 6, 2008.