Network Metals LLC

It seems that the rumor mill for Chinese State Reserve Bureau reserve-buying never stops churning. No sooner than the SRB finished buying its reported 300,000 tons of copper, it is now being reported by Macquarie that the SRB is considering purchasing a further 600,000-900,000 tons of copper reserves throughout 2009. Copper imports reached a record in February in China, and this further buying of reserves could possibly indicate that the Chinese believe that their own stimulus plan will push its economy through the global downturn.