copper stocks declining rapidly

Straits Resources produces 26,000 tons of Copper annually. Does the market realise this? Copper stocks on the LME have been dropping daily, down from 675,000 tons just 12 months ago to 229,800 tons today. China's share of world refined copper consumption has climbed from 38 per cent to almost 45 per cent in the past four years, this equates to almost three million tonnes a year of new copper use. China's slowdown has been overblown and the decline in Cu stocks also points to this. The Chinese have a habit of buying up big when they think prices cheap. Copper will not stay cheap at this rate of decline of Cu stocks on the LME. Its just a matter of time before we see a major move in the Cu price.
Straits Resources has to one of the most undervalued companies on the ASX, and with Cu stocks declining at this rate it won't be long before we see US$4.00/lb again.