Metal theft
Metal theft is "the theft of items for the value of their constituent metals". It usually increases when worldwide prices for scrap metal rise, as has happened dramatically due to rapid industrialization in India and China. Apart from precious metals like gold and silver, the metals most commonly stolen are non-ferrous metals such as copper, aluminium, brass, and bronze. However, even cast iron and steel are seeing higher rates of theft due to increased scrap metal prices. One defining characteristic of metal theft is the motivation. Whereas other items are generally stolen for their extrinsic value, items involved in metal theft are stolen for their intrinsic value as raw material or commodities. Thefts often have negative consequences much greater than the value of the metal stolen, such as the destruction of valuable statues, power interruptions, and the disruption of railway traffic. Items often stolen Anything made of metal has value as scrap metal, and can be stolen: Manhole covers Copper wiring, or copper pipes from houses or other buildings Utility company electrical wiring (especially power cables) and transformers Aluminium or stainless steel beer kegs Bronze or brass statues, monuments, and commemorative plaques Catalytic converters from motor vehicles (they contain precious