The Penny King's Free and Clear M&A Fund

[ThatHawaiiGuy]

China became the world's largest consumer of copper in 2002, and now accounts for 20% of world consumption and 80% of world growth. Copper inventories as of this writing (2/18) are at 313,000 MT, the lowest in eight years. See current primary and scrap metal prices.

Prices are rising widely on the LME (London Metal Exchange), COMEX, and NYMEX, which freely trade in copper, aluminum, nickel, tin, lead, zinc, iron, steel, specialty steel, stainless steel, nickel alloy, chrome, titanium, ferrochrome, cobalt, molybdenum, antimony, manganese, titanium, tungsten, vanadium, and wolframite.

Even more alarming is the rate of decline in supply, prompting Pierre Lassonde of Newmont to state, "at this rate there won't be a pound of copper above ground on the planet in May." China is one of the largest consumers of alumina, zinc, lead, and nickel as well.

http://www.investorshub.com/boards/read_msg.asp?message_id=2462512


Except for all those 1982 and before pennies we're saving...
;->