News Column

Sacci Copper Theft Barometer - April 2013

May 30, 2014

The Copper Theft Barometer increased to R12.5 million in April 2014 from R11 million in March and R10.7 million February. The April figure is 26% higher than a year before and the second consecutive increase in the annual growth rate. The risk is that the recent upward movements in copper theft can become entrenched, rather than adhere to the general downward trend of the last 2 years. The Copper Theft Volume Indicator increased to 176 metric tons in April from 153 metric tons in March and 136 metric tons in February 2014.

The international average monthly spot price of copper to date increased to $6 861 per metric ton in May from $6 695 per metric ton in April. South African exports of waste copper products increased to $33.1 million in February from $22.3 million in January 2014 and from $15.5 million in December 2013. This is the fourth consecutive increase in the export figure, and might signal a return to pre waste export restriction levels.

The outlook for reduction in copper theft levels for 2014 is concerning given the consistent increase in theft levels over the past three months. Hopefully this upward movement can be arrested through intensification of policing efforts and information-sharing amongst key stakeholders.

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Source: AllAfrica

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