November 24, 2008

Copper Up on Chinese Demand


Copper closed up 7% on the London Metal Exchange today on continued Chinese demand. China is a net importer of nearly all basic metals. This fact alone should ensure that the commodities supercycle will resume once the current capital crisis is sorted out. Some analysts see demand back up for all commodities by 2010. When (not If) commodities markets recover there will be a future supply crunch. And higher prices once more.

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