GREY:NEVDQ - Post by User
Comment by
Traderfanon Feb 22, 2010 8:28pm
150 Views
Post# 16808924
RE: RE: RE: China needs copper.
RE: RE: RE: China needs copper.Yeah, their growth is incredible for the last 12 months also due to their new stimulus. They built massive amounts of stuff lately and obviously that's the reason why copper is sitting at 3.30 right now.
But you probably also know that 50% of all the stuff they built, no matter whether it is office buildings or business buildings or appartements to live is vacant right now. There are ghost buildings all over in the big cities. So that building frenzy won't go on forever and the stimulus will not be there forever as well and once that massive boom stops I hope NCU has sold their property.
If I were the CEO of NCU I would look to sell the property on a daily basis as long as copper is hot like it still is. They might get a good price with copper over 3.20 and I sure would use the chance.
Now is the time to really get this thing going and I hope we hear something from them in the near future.