Network Metals LLC

The uptick in copper prices over the last month or so seems rather tenuous given the total lack of demand we have seen in the copper markets. The unemployment numbers out today really only serve to highlight that negative news continues to come out despite the current rallies, and that real recovery has not taken hold. Chinese SRB buying is not true demand, and cannot continue to support current levels without some help from end users/consumers of copper. We do not expect the price to continue to reflect such positive sentiment without some tangible and substantial demand recovery.