Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Stephen O who wrote (1998)	4/23/2009 2:31:05 PM
From: Stephen O	Read Replies (1) \| Respond to of 2131

China Unlikely Buying Copper to Diversify, Commerzbank Says 2009-04-23 11:39:28.638 GMT By Stuart Wallace April 23 (Bloomberg) -- China probably isn’t adding to its copper stockpiles to diversify its foreign exchange reserves, contrary to some speculation in the metals markets, Commerzbank AG said. The Asian nation would need 4.3 million metric tons of copper to replace 1 percent of its foreign exchange reserves, an amount equal to a quarter of world output, the bank said in a report distributed today. That sort of buying “would lead to massive distortions on the market,” Commerzbank said.