my two bobs worth, page-27

When all the talk of copper price is collated, the consensus view approaches supply exceeding demand in 2014/15 then deficits in '16-18.

Even the CEO of BHP was stating such in the half yearly report.

If a business was using lots of copper, I would assume they would hedge, so they were covered for the period of shortage. It would make sense to stockpile while prices are cheap.

For this reason I don't see a lot of downside in price, and eventually the market will wake up to this.

There may be lots of copper stockpiled elsewhere in the world, but it may not be available to the market.

The copper price will have much less of an effect on CDU than the starting of DSO sales.