I'll take $3/lb forever, thanks. No need for $3.50 or $4 as long as inflation doesn't start eating into profits at FCX or SCCO. Meanwhile, here's an interesting little snippet from Reuters on its daily copper wrap-up report from yesterday.
Real upmove in physical demand, eh?London Metal Exchange copper warehouse stocks fell 2,450
tonnes to 550,225 on Thursday, while canceled warrants --
material earmarked for delivery out of warehouses -- rose to
16,600 tonnes versus 14,000 tonnes.