"When the copper price improves even a little the banks will be keen to lend."
Ref; Reuter.com 14th September
China's factory output and retail sales increased faster than expected in August as a strong housing market and a government infrastructure spending spree underpinned growth in the world's second-largest economy.
"The copper price has been pretty resilient. It's probably enough to say, demand has picking up just a tad," said analyst Dan Morgan at UBS in Sydney, adding that merchant premiums had lifted slightly.
"Maybe physical demand is a bit better than (investors) think."
Fingers xed POC has hit support.
AVB Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
