new ceo, page-9

Just to add a couple of negatives to the attempt at some positives.

Metals Insider is reporting a rumoured 20,000t about to be dumped into the LME warehouses.Cancelled warrants are also still anemicaly low,conditions that can only support a continued surplus through this year.Keep in mind copper stocks went all the way back to 200Ktons before rolling back into deficit.

Not only this but the final rear-guard action by indigenous tribes of Macarthur River have had their case dismissed essentially giving the giant Mac River project the go-ahead to go open pit which may have some connotations for the 2010 and on possible supply deficit.It supposedly supplies 2% of the worlds zinc.

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