The Bahamas government recently banned the export of scrap metals for a period of three months. It was necessaery, they said,\u00a0 as a measure to combat the rising Copper thefts. Jamaica had earlier approved a similar ban.<\/p>\n
This comes in the wake of copper prices shooting up at the international markets. Copper prices have jumped from around $3500 as of early 2009 to hover around $10,000 as of now as per data from London Metal Exchange (LME). This has made the metal a favorite target for thieves. As unlike Gold or silver, copper is widely used and can be easily stolen.<\/p>\n
The government of Bahamas said in a statement that the theft is so widespread that it has disrupted the smooth functioning of various industries.<\/p>\n
The ban has allegedly caused significant hardships for those who depend on the scrap metal business for their daily lives.<\/p>\n","protected":false},"excerpt":{"rendered":"
Copper prices have jumped from around $3500 as of early 2009 to hover around $10,000 as of now as per data from London Metal Exchange (LME).<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[31,40,218],"class_list":["post-10834","post","type-post","status-publish","format-standard","hentry","category-business","tag-crime","tag-government","tag-importexport"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/10834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=10834"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/10834\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=10834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=10834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=10834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}