come back to 10.5, page-6

I don't understand why there is so much crap talk about production.
The question is: who is going to buy it?(the copper)
US is falling into recession, and Chinese bubble is about to burst too. Copper stockpiles are rising, so what the hell...?

" Dec. 14 (Bloomberg) -- Copper headed for its biggest weekly decline since May after global stockpiles rose to a nine-month high. Lead gained after a union said Ivernia Inc. can't resume exports from Australia without safety talks.

Inventories of copper monitored by the London Metal Exchange rose 3,675 metric tons, or 1.9 percent, to 193,900 tons, the highest since March 16. Prices have dropped 6.1 percent this week on speculation a U.S. economic slowdown will curb demand at a time of increased supplies.

``The copper market faces at least four years of supply surplus and therefore the directional call for the copper price remains downward,'' said Nick Moore, an analyst at ABN Amro Holding NV in London."