Agree Kacy,
While copper stockpiles are at 3 or 4 days supply, copper still ok.
Stockpiles are still at under 200,000 tonnes whereas 5 years ago stockpiles were at 700,000 tonnes plus.
Its not a coincidence that commodity prices have dropped - a seasonally weak time of year- northern hemisphere summer holidays. China shuts up shop for the Olympics as well...
devastating blow, page-28
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