short squeeze on copper coming?

Copper might be about to get a move on with the following story doing the rounds this weekend:


SINGAPORE Dec 3 (Reuters) - A single trader is holding up to 80 percent of copper stockpiles at the London Metal Exchange, the Wall Street Journal reported on Friday.

The dominant position holder, who was not identified, owns between 50 percent and 80 percent of the 355,750 tonnes of copper held in LME listed warehouses, the newspaper said, estimating at least half of the holdings at about $1.5 billion.

see the full article here:
http://af.reuters.com/article/metalsNews/idAFL3E6N303H20101203