Chart of the day is....

......copper LME inventories. Here's the latest numbers in close-up....

.....and here's the five year chart to give a bit of perspective.

Chinese new year rattling and humming now at an end, people back doing busy things at their factories and offices, copper wanted, stocks about to drop. You have been warned. The only thing that can possible go wrong is a whole load of people scrapping their crappy Toyotas and all that reusable copper coming on the market :-)

In fact....all that Prius fallout could cause havoc with the lithium miracle market (j/k)