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Legal Lode: Attesting Your Metal

Published Friday, May 01, 2009

To thwart scrap metal thefts and help prosecute metal thieves, a city may lawfully require scrap dealers to separate and retain high-value metals for a number of days after purchase, according to a ruling by a federal appeals court. These days, scrap metal prices are low and will likely remain so until the world economy rebounds — whenever that might be. Yet, less than a year ago, The New York Times reported: “It is a very good time for anyone involved in the scrap-metal business. People who collect scrap metal and take it to recycling facilities are getting ...

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