Owner of Sun Valley Recycling Company Arrested for Receiving Stolen Copper Metals
A 256 pound bronze plaque from the City of Burbank, with an estimated value of $10,000, was also recovered.
SEATTLE (Scrap Monster): The owner of a recycling company was arrested for allegedly receiving stolen property in connection with the theft of thousands of pounds of metalfrom cities in LA County.
According to LAPD, on Sept. 13, the Commercial Crime Division's Metal Theft Unit
(MTU) in collaboration with City Council President Paul Krekorian's office conducted compliance checks at recycling centers and metal yards in the San Fernando Valley.
During the checks, they recovered 290 pounds of streetlight wires stolen from the Los Angeles Bureau of Street Lighting. It had an estimated value of $2,000.
They also recovered 290 pounds of stolen streetlight wires from the Los Angeles Department of Transportation, with an estimated worth of $10,000.
A 256 pound bronze plaque from the City of Burbank, with an estimated value of $10,000, was also recovered.
Officers also found 3,366 pounds of copper and aluminum wire, estimated to be worth $24,000.00, stolen from CalTrans.
The suspect, Bedros 'Peter' Zhamkochian, the owner of Tuxford Recycling, was arrested.
Courtesy: www.news.foxla.com
Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.40 | $US/Lb |
| #1 Copper Bare Bright | 4.21 | $US/Lb |
| Aluminum Scrap | ||
| 356 Aluminum Wheels (Clean) | 0.82 | $US/Lb |
| 6061 Extrusions | 0.72 | $US/Lb |
| Steel Scrap | ||
| #1 Bundle | 360.00 | $US/MT |
| #1 Busheling | 380.00 | $US/MT |
| Electronics Scrap | ||