Horn Beeping when turning

When I first got the car on the road, everyonce and a while the horn would beep when I turned the wheel all the way to one side, or the other. By a month's time I had to unplug my horn under the hood cause it would just stay blarring like I had road rage problems....

I pulled the wheel today, and it seems that there is a cooper ring with a wire that makes the horn beep . It is held on by a bushing that is all but gone, and some kinda metal ring to hold it all on.....

Am I right to assume the cooper coloured ring is supposed to stay in one place and not turn freely left to right??

Any suggestions how to fix this??

Thanks,

Shane