CDU 0.00% 23.5¢ cudeco limited

copper futures, page-9

  1. 5,948 Posts.
    lightbulb Created with Sketch. 371
    All,

    stillthefoxyhat raised a question about China copper stocks.

    this link

    http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20110413000004&cid=1102&MainCatID=11

    gives a good explanation, basically that even large copper stocks mean little because they are being used as collateral on loans, as much as 80% of it, so it won't be coming to market quickly or any time soon. The recent price drop was speculative hoarding froth disappearing.

    stillthefoxyhat, even more pieces of good news for your two friends..some real hearty news with some insight.
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.