Yes, and there is also a possibility that we have seen the low point in the price action of the base metals such as copper and aluminium which will be in considerable demand when these infrastructure projects really get going.
Although LME copper inventories were at their highest level since March 2004, I believe we will see them deplete quickly once industrial activity picks up.
You're probably right Elena, however, I shall wait for the base metals to reverse thier current price trends and for the inventory levels to deplete somewhat before i just back into the corresponding equities. Thanks for dropping by !
Commenting by HaloScan
