standing ovation for cudeco chairman, page-6

I wouldn't be counting on China forcing it up. There are many indicators saying demand is falling back over all plus China has some major internal issues of it's own.

http://www.ritholtz.com/blog/2011/11/chanos-says-china-bank-system-extremely-fragile/

I said earlier this year that the copper price would fall back and after copping much abuse it has done just that.
There is a snowflakes chance in hell of copper going to $12,000 t in this decade I believe.

The world will always need copper but in the near term new projects are coming on line and supply will be met as it is now and IMO demand will reduce as the credit squeeze takes hold..obviously if CDU can produce copper for 70c lb then it will be a more than viable business but returns will differ greatly from some expectations..

I think copper will spend considerable time in the $2 zone next year...