re: *copper is going ballistic*up 1.3% tonite
Yes up another $32.50 tonight . This is relentless buying and could be the next big thing for the media to beat up If it keeps rising . Anvil stands to gain a huge benefit to their bottom line particularly when stage two gets going mid year ,producing 20000t of copper .I read somewhere that copper inventories are run down by many companies in the lead up to the christmas break , and these are built back up over the following couple of months . Does anyone know other reasons apart from the china juggernaut that could be affecting copper buying ? Cheers Brenden.
