The cost of copper was around $2.50 a pound in mid-June. While that might not sound like a lot of money, when you have hundreds of feet of copper wire, you’re talking about thousands of dollars or more. Transit systems, which utilize copper in wiring, are the latest target for thieves looking to make some easy cash.
Railway copper thefts rise with price of metal
Copper, which now hovers at $3 a pound on the scrap market compared to about 80 cents a decade ago, is essential to the running of commuter railways, carrying electrical power from substations to the live third rail.