Network Metals LLC

Things are slowing down in China, and now the base metals are following suit. On word that demand is falling, copper prices are down big in the last two weeks and LME 3-month prices are back below $5,000 per metric ton. Of course, as we have been saying for some time, there is very little reason to believe that real demand, Chinese or otherwise, was truly portrayed in the copper prices of the past two months. With the question of true Chinese growth in mind, we would not be surprised to see copper continue to fall over the next couple of weeks at least.