More than half the world's copper producers will not continue...

More than half the world's copper producers will not continue producing at $1.30lb for too long , especially as most are receiving falling credits for other metals in this climate . For some producers an escalating gold price would help ; no evidence of that at the moment

So unless you see the world surviving on 50% of last years copper production , then copper will need to move back towards $2.00lb fairly smartly when supply issues become more apparent . I can't see a world needing only 50% of recent production . There will be a far greater need for copper in the changing energy effecient world we are entering ; the longer term need for copper far exceeds most other base metals ; Critical cost of production and supply would indicate both better prices and future demand .

IMHO , sound companies with very low costs like PNA will be the standout winners going foreword.