# Stolen Tugboat Propellers in Australia Reveal Surprising Value 4 giant propellers worth $1.3 million shock authorities. - **Source:** [SlashGear](https://www.slashgear.com) - **Published:** 2026-07-16 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/0ad9f060-2157-4a19-a443-67bec9853828 ## Unusual Theft Target Four tugboat propellers, each weighing 2 tons and measuring 10 feet across, were stolen from an industrial yard in Australia. These massive parts are used to maneuver large ships. How thieves transported such enormous items remains a mystery. ## Copper's Allure The propellers were targeted for their high copper content. Copper prices have surged due to demand from electric vehicles and AI data centers. Thieves allegedly planned to scrap the parts for their metal value on the black market. ## Valuation Shock The four stolen propellers were valued at $1.3 million on the market. However, their scrap copper value was estimated at $51,000. This significant difference demonstrates the profitability of such industrial-scale thefts. ## History of Bizarre Heists Tugboat propellers are just one example of large-scale thefts. Past cases include a 75-foot railway bridge in Russia, an 60-foot iron bridge in India, and even an entire beach's sand in Jamaica. Valuable materials always attract criminal attention. ## Industrial Security Concerns This incident highlights vulnerabilities in securing industrial equipment. While large machinery seems difficult to steal, the high value of component metals makes them attractive targets, requiring enhanced security measures at industrial sites. ## A Global Problem Industrial theft isn't limited to Australia. Similar incidents occur worldwide. As metal prices continue rising, such crimes are expected to increase. Companies must reassess their security protocols to protect valuable assets from sophisticated theft operations. ## Sources covering this story - https://www.slashgear.com/2212259/tugboat-propeller-heist-worth-2-million-dollars-8-tonnes-australia/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._