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September 2nd 2009 -Rising commodity prices for metals, combined with the crisis in the housing market, have created a unique opportunity for thieves who are stealing scrap metal from abandoned and foreclosed homes and selling the material to unwitting recyclers.
Thieves have also created public safety hazards by targeting public sources of valuable metals, such as manhole covers, traffic lights and telecommunications and electric infrastructure.
Because in many cases the recycling facilities were taking the heat for accepting the stolen materials, the Institute of Scrap Recycling Industries, Inc. (ISRI), the national trade association for the $87 billion industry, began working aggressively to combat the theft problem by creating coalitions with local law enforcement agencies.
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