Focus Advisory

China & Copper: Prepare for Crisis

I'm neutral on copper, yet find the thesis of this article silly. Even if there are secret stockpiles of copper in China, perhaps they are simply following the Korean model. Korea, last month, ordered that all metal reserves be tripled as a matter of national security.
Just six motnhs ago, China fronted the government of the Congo $12BILLION for access to the country's copper resources. Doubt they would pay such a sum to such an unstable source if they had all the copper they needed.
While I think copper could easily fall back to $3, Chinese demand will support the long-term trend. If, as you suggest, China must revalue its currency then copper goes through $4 in a week...stronger currency = higher demand.
Good luck