A lot of ChinaTalk aorund this morning and I’ve actually tried to care about the subject for once, reading up on the news and views. Two reports that resonated well are 1) Reuters’ Clyde Russell and his “China GDP points to steadier commodity demand” here, then 2) Thomas Keller, head honcho of Codelco who’s pinning his hopes on China macro stimulus in 2013 here (but it’s not going to stop Codelco from cutting premiums to $85/t in 2012, apparently).
Overall, it’s been hard to find a true bearish voice on copper this morning, which sets my contrarian antennae a’twitchin.