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Chile's copper miners seek transport alternatives due to crime wave

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posted on Oct, 16 2022 @ 01:06 PM
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Chilean miners including state-owned Codelco will evaluate transportation alternatives after a key railway suspended transport of a major copper product due to growing theft in the country's main mining region, the state firm said on Tuesday.

Chile is the world's top copper producer but a recent wave of robberies has undermined the logistics of bringing the valuable red metal to market.

Chile's copper miners seek transport alternatives due to crime wave

I understand thefts of gold and silver and diamonds, but copper?
is it really that valuable?

looks like it.

in USA we have periodic plagues of copper theft, usually from construction sites and abandoned houses.



posted on Oct, 16 2022 @ 01:10 PM
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a reply to: ElGoobero

Price has dropped significantly over the last few months, but it is approximately USD$7600 per metric ton.

Not easily handled in lots of volume.

Copper is used in many other alloys and manufactured products that make it a valuable base metal.

I think theft of actual product is not as much of a concern as is interrupting the constant flow of product.


edit on 16-10-2022 by Overseeall because: (no reason given)



posted on Oct, 16 2022 @ 03:41 PM
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a reply to: ElGoobero
These robbers are making their lives easier by going straight for the source-In the UK they wait until the copper has been installed into public infrastructure in the form of cables-then rip them out to sell.
The UK way is more labor intensive,but they still do it-solid British work ethic you see.

Been going on for a good few years with copper-before that it was lead from old roofs.



posted on Oct, 16 2022 @ 04:13 PM
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a reply to: ElGoobero
At current rates of extraction, all unmined copper resources will be exhausted within 6yrs.

A few years ago, the metal value of low denomination British coins (copper), was greater than the face value of the coin.

These coins are now minted using a reddish toned alloy; not sure if this contains any copper.

Many UK recycling depots now strip all copper from old electrical equipment.

Worth more than we thought and probably more than we think.
edit on 16/10/2022 by teapot because: Spelling



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