(Bloomberg) -- AT&T Inc., BT Group Plc, Orange SA and their global peers are preparing to tap a rich new source of revenue: their old copper wiring. Most...
-- AT&T Inc., BT Group Plc, Orange SA and their global peers are preparing to tap a rich new source of revenue: their old copper wiring.In the migration to fiber-optic cable, telecommunications companies could recover as much as 800,000 metric tons of copper over the next decade, worth more than $7 billion at today’s prices, according to estimates from TXO , a UK-based firm that provides engineering services to the industry.
That anticipated squeeze has already driven prices up 50% from pre-pandemic levels. Even the highest recovery estimates would make up a tiny fraction of annual copper demand, possibly less if the migration to fiber-optic is only partial, or some copper cables have to remain to avoid major disruptions, including maintaining access to critical health services in some places. Still, the additional supply would be welcomed.
After the cables are pulled out of the ground, they have to be stripped and cleaned to obtain the copper, which can then be sold to domestic and international buyers. At prices between $6,000 to $9,000 per ton, profit can top 30% after extraction, recovery and processing costs, said TXO’s Evans. RCMP say human remains found near Dawson Creek, B.C., have been identified as a woman who was reported missing late last year. Renee Didier, who police say sometimes used the surname Supernant, was found on May 18 near the Kiskatinaw River, which runs west of the northeastern B.C. city. The Cree woman, who was a mother of two, was last seen on gas station surveillance footage from Dec. 3, 2023 and was reported missing on Dec. 7.
Copper Prices David Evans Copper Cables BT Group Plc TXO Copper Recovery
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