the chinese stock holding,( physical stock in their wharehouses)of copper is at a 10 month low so they need to replenish their stock as it is running low so they have started buying again hence the current price movement.
elecrtox just read a lot of bussiness websites and newspapers and youl be amazed at the info you can get hold off, i also subsribe to fin week and also have a look at base metal websites where you will find info on copper forecasts and so on, if you cant find something just google it.
thanks asylum. guess im just getting there. only started trading since May this year. Its amazing how important it is to know all the news that going around locally and globally in order to make good trading desicions.
My view is that Metorex will double in price in 2008 They are unfortunately behind schedule on a few projects due to a shortage of skills and drilling equipment. Once their cobalt production has kicked in profits will flow, Cobalt is at a record price of US$ 45.00 per lb.