Some more base metal background information:
New Aluminum capacity coming online in the gulf, which makes sense. Considering electricity costs are a large part of the cost structure, getting close to low price energy makes sense. Pity the high cost AL producer.
http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100412/BUSINESS/704129895/1005
Substitution effect for copper, aluminum and plastic. High prices in copper create demand destruction as other products are used.
http://www.indiainfoline.com/Discuss/Blogs/Copper-mania-redux/544390
Zambia copper production update:
http://www.reuters.com/article/idUSLDE62F11Y20100316
General copper overview as compared to CRB, industrial production, and the BDI
http://www.datadiary.com.au/2010/03/26/commodity-markets-going-up-or-down/
China importing copper
http://agmetalminer.com/2010/04/09/copper-prices-strong-despite-china-subdued-buying/
Have a good weekend.
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