Here's an interesting article fromBarron's. Bear in mind back when I was a hointy-toity stock trader, I actually ended up getting a blurb in an issue of Barron's. The front page of that issue had two words on it. Just two... in huge font: BUY GM.
Less than a year later, GM filed for bankruptcy.
So take their word (or that of any other money rag) with a grain of salt.
Anyway, I digress.
As China Pivots Towards Domestic Consumption, Demand For Copper Will Be Strong, Says Fitch - Emerging Markets Daily - Barrons.com
Copper is probably the only bright spot in the long term with China’s increasing focus on energy efficient products, which require higher copper usage per unit. Per capita consumption for the metal is still very low at over 5.5kg compared with developed nations’ peak consumption of well over 11kg. Although copper prices have been muted due to an increase in supply, we do not expect this effect to last beyond 2015 or 2016.
China’s reliance on copper concentrate imports will remain strong because most of the copper deposits in the country are small while the larger ones are located in areas that are difficult to mine.