one reason i liked the article is because it does provide some insights into what is happening with copper in China, and I think this is important because Cu buying by Chinese interests was the very thing that saved our bacon (that's where the pig farmers came in)last year. There has been a lot of discussion about how that accumulated copper might be used down the track.
But I also worry about the short-medium demand problem that the LME stocks are signalling, and this article supports that view. When you are getting a pile of copper as big as the one that occurred at the very depth of the GFC crisis, it just can't be good.
PNA Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
