Seeking Alpha

With LME copper stocks at their lowest level since 2008 and China bursting with the stuff amidst...

With LME copper stocks at their lowest level since 2008 and China bursting with the stuff amidst lower domestic demand, the country is set to export large amounts of the metal over the coming months. Analysts believe there are 500-600K tons of the copper in Shanghai warehouses being used as loan collateral (total 2012 mine supply will be 240K tons).
Comments (2)
  • Looking to sell the downside vol in copper as it retreats.
    3 May 2012, 04:59 PM Reply Like
  • The Chinese are smart to own something besides paper US dollars in their reserves.
    3 May 2012, 07:32 PM Reply Like
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