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December 1, 2010

Soaring metals prices lure potential thieves

Interesting piece by Peter Hermann on what police say was the theft of 321,872 pounds of nickel bars from S.H. Bell in Baltimore. As Hermann notes, there's a lot of this going on as the price of commodity metals has soared in recent years. Copper is the biggest play, but nickel has doubled in five years, even accounting for the economic slump. Thanks to Kitco for the graph. spot-nickel-5y-Large.gif
Posted by Jay Hancock at 9:20 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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