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To: Claude Cormier who wrote (32744)3/14/2010 6:55:55 PM
From: LoneClone  Read Replies (1) | Respond to of 233807
 
Have you noticed that the LME copper stocks look to have rolled over?

LC



To: Claude Cormier who wrote (32744)3/14/2010 7:36:36 PM
From: pocotrader5 Recommendations  Read Replies (2) | Respond to of 233807
 
I think the demand from China and India will keep copper prices up
•China is urbanizing at an unprecedented rate. By 2025, some 1 billion people will live in cities, and China is expected to have 221 cities with more than 1 million people (the United States currently has 9).
•To address the increased emissions urbanization promotes, China is pursuing a range of policies designed to improve building efficiency, mass transit, and energy use by common household appliances.
•Although cities can exacerbate environmental problems, they also have the potential to be the engine for improved efficiency and environmental protection.
Urbanization in China
China is becoming a nation of city-dwellers. And while cities are typically blamed for many environmental ills, China’s urbanization could ultimately bring some good news for efforts to curb climate change. That’s because with the right policies, urbanization can also bring more efficient energy use and slower emissions growth.

The massive scale and pace of China’s urbanization is unprecedented in human history, and hard for many outsiders to grasp. A few numbers help tell the story. Forecasters predict that by 2025:i

•Nearly 1 billion people will live in China’s cities. Nearly a quarter of these urbanites will have migrated into cities from rural areas.
•64% of China’s population will live in cities, up from about 44% today and about 20% in 1980.
•221 cities will have more than 1 million residents (compared with 9 in the United States and 35 in Europe today).
•23 cities will have more than 5 million residents.
•Two new mega cities, with populations of some 20 million, will spring up.
•Builders will erect 5 million new buildings, including 20,000 to 50,000 new skyscrapers – the equivalent of 10 New York Cities.
•Road builders will pave some 1,900 square miles of streets and highways.