[blam]

"What is the size of the Chinese devaluing?"

Dr Copper Making Way Too Much Of China Devaluation

"The red metal is also sometimes referred to as Dr Copper for its ability to provide a prognosis of the health of the global economy. Down nearly 18% year to date, copper is making dire predictions."

"The People's Bank of China jolted markets overnight after lowering the renminbi’s daily reference rate against the US dollar by 1.8%, the largest such adjustment in its history.

[bert]

I think perhaps this decline is at root similar to that in the China stock market.

the exuberance in copper and stocks coupled with the chinese propensity to gamble ran the prices up beyond the point of sustainability. One wonders what will become of the China warehouses full of those big copper billets (a Taipan reference)

[mad_as_he$$]

Meanwhile copper is higher than a kite.