The demand for copper is increasing and the anticipated surplus is not going to be there .
The land slide in Kennecott Utah crippled its Bingham Canyon Mine.
Chinas although not the 8 % growth but 7.5 % is not bad or far off, so demand is not decreaseing.
Yesterdays (FCX) has invoked the force majeure clause for shipments from its Grasberg mine in Indonesia
should be down for a couple of months.
Building in the U.S.A is above what was anticipated , so increased demand .