April is traditionally a strong month for copper demand, according to Leon Westgate, the Standard Bank analyst who last winter told Bloomberg that he expects copper demand to outpace supply by 194,000 tons this year (and who in January predicted that copper prices would rise 22% to $9,200 per metric ton this year.
It’s not a news flash to those agencies tracking copper thefts, then, that we can expect more of the same increased activity in that area.
The news of the day is, of course, the 75-year-old woman in the nation of Georgia who, in trying to steal copper, also became guilty of theft of services, when she blacked out the nation of Armenia from the Internet – that’s the whole nation, from the whole Internet – for an evening and a bit.
The Armenian News Service, ARKA, wrote on 29 March that the nation’s Internet was “…disrupted Monday evening following damages on two cables in Georgia bringing the world web to Armenia. Internet connection was restored after midnight after Georgia repaired the damages.”
Now the BBC is reporting the pensioner was scavenging for copper when she stumbled across – and cut – the fiber optic cable, taking down the pipe to Armenian Internet service providers ArmenTel, FiberNet Communication and GNC-Alfa.