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Gold/Mining/Energy : Copper - analysis -- Ignore unavailable to you. Want to Upgrade?

To: Bob Fairchild who wrote (1524)	12/18/2006 1:15:16 PM
From: Stephen O	Read Replies (1) \| Respond to of 2131

Hedge funds tarnish copper 2006-12-17 12:56 (New York) Copper is currently fetching about $US3 per pound, down from an all-time high of $US4 a pound in May 2006. The copper price has plummeted due to concerns that demand from China will fall, as well as growing stockpiles of the metal. However, Yunnan Copper chairman Zuo Shaolu does not expect China's demand for copper to abate any time soon. He notes that China's consumption of copper is rising by 20 per cent a year, compared with global growth of just five per cent; Original article by Stephen Wyatt; The Australian Financial Review; 18 December 2006; page 21 Abstract by ABIX/LexisNexis