Peak Scrap is back. Paul Kedrosky and Gregor Macdonald write about the return of metal theft and "recycling", now that prices are back to pre-recession high. Speaking of highs, a major driver is the drug trade:
As any narcotics officer or addiction counsellor will tell you, a primary source of capital for the drug addict is found by rummaging (or stealing) discarded metal. The word junkie actually goes back to the early years of the 20th century, when heroin addicts turned to scrap to finance their habits.
More at Infectious Greed
More on scrap and recycling:
Meth Heads Go For Recycling
Urban Mining: Philadelphia is Losing its Manhole Covers
"Recycling" Could Be Bad For National Security