Bob Tebbutt, corporate risk manager, Peregrine Financial Group Canada

On Copper
Finding something else to invest in, combined with that, copper down 20% from highs of May last year..China not buying, working own stocks..

Copper Rally Over?
No, China will eventually use up stocks..they just had such a high inventory of copper stocks, decided to work them off..they will have to buy, China still growing at double digit, will not stop using copper

US Copper Demand
I do not think it is slowing down as much as people think..unemployement surprise..seems that although economies have slowed down, have not slowed down enough to affect things badly

Aluminum
Price of copper, usually $1000/ton more than aluminum, went up to $5000/ton more..aluminum is gaining, now aluminum only $3000/ton..substitution

Base Metals Prices
Depends on Chinese growth..does not seem to be