China’s demand for copper turns red-hot

The copper market could be on the cusp of a historic supply squeeze as Chinese demand runs red hot and exchange inventories plunge to their lowest levels in more than a decade.
Red Kite Capital Management LLP fund manager George Daniel said the market is starting to resemble that of the early 2000s when a similar Chinese buying spree emptied the world’s warehouses of copper and sent prices vaulting to record highs.