Do the math.... the copper demand is not in the housing market... it is in infrastructure, energy production and distribution... This myth that copper demand is domininently from the US housing market is pure Bull shiet perpetuated by the uninformed in the media.

The copper demand from China has driven the consumtion side for many years.... The sudden rise was the result of the slide in the Grassberg mine in Indonesia several years ago. The total production from this mine went to China.... the mine was off production for many months. The LME inventory came under pressure, the Chinese went short Copper expecting to replace the short when Gassberg came back on.... The timeframe was excessive and the Chinese got caught with thier winnies out and got them spanked.

Copper has risen steadily ever since the 1 million tone inventory was consumed, stablizing in the 100 to 150 K tone range.

That being said, Chinese infrastructure has a long way to go.... Indias electrical distribution is very poor... many counties has sub standard infrasructure and the green movement utilizing non 00% utilization alternatives require dual prodution and delivery infrastur to delive evry megawatt.

Copper is not driven by the US housing market.... period!

The media reports are just spin of the uninformed.