Business Daily

Copper theft: A growing economic problem

Jan 28, 2026
Global demand and supply strains pushing copper prices skyward. A surge in organised thefts stripping cables, rail lines and solar arrays. Billions lost in repairs, service disruption and economic damage. Telecoms, railways and recycling yards racing to deter thieves and harden networks.
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INSIGHT

Supply Crunch Drives Price Surge

  • Global demand for copper has surged due to electrification, EVs and solar installations.
  • Mining disruptions in Chile, DRC and Indonesia tightened supply and pushed prices skyward.
INSIGHT

High Prices Attract Organised Crime

  • Rising copper prices have incentivised organised and common criminals to target infrastructure worldwide.
  • Theft now affects utilities, telecoms and transport, causing large economic losses.
INSIGHT

Theft Costs Billions Globally

  • Metal theft imposes huge costs: roughly $1bn a year in the US and over $2bn in South Africa.
  • The damage spans infrastructure loss, business interruption and repair bills.
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