Network Metals LLC

Base metals, aluminum aside, have been seeing some firm gains in the face of equity trouble. However yesterday the stock market was up sharply, and copper continued its ascent to a new three-month high and a fifth day of LME stockpile declines. Analysts are now suggesting that the worst could be over for base metals, especially if the stimulus packages work as they are technically supposed to. If that indeed turns out to be true, the Chinese have once again picked the bottom of the market very well. The State Reserve Bureau purchases were made at prices comparable to December lows, and very timely if we start to see demand pick up for copper and their other industrial base metals.