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Unit 1 Micro: Copper prices and a copper crime wave

Geoff Riley

10th October 2011

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This Fact Check piece from the Channel 4 web site is superb background on the growing scale of copper thefts and also the economics of incentives when it comes to crime. One to read perhaps if and when your train home is delayed because local hoodlums have lifted some copper wiring from Network Rail! According to the feature, “At its peak of $10,000 a tonne in February 2011, copper was worth more than seven times what it was in 2001 – $1,425 a tonne, according to figures from the London Metal Exchange.”

FactCheck: Why copper theft is the perfect crime

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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