Nothing to do with dumping.Most of the smart money has left...

Nothing to do with dumping.
Most of the smart money has left Copper at present. Copper stocks are building quickly, in fact back to May 09 levels.
Another 3000 tons added today.
Weaker buying in Shanghai has continued to drag on prices this morning with investors fearing over supply, which is supported by evidence of consistently rising LME inventories.
Chinese consumption could slow as the government starts to rein in credit growth.
Unfortunately ABY is more likely to go down rather than go up.
Yes, it will go up again, but you'll need a 6 month waiting period to see further increases.
Chinese buying has dried up and copper prices need to pull back to US$2.20/lb before they start buying again.
Therefore, we need much lower copper prices to soak up LME copper stocks.
That is the reality.