A lesson in country risk, something many investors never consider. It's cost me a lot, so these days, I don't invest in mining outside of North America and Australia.
That aside, China is stockpiling copper at a furious rate. There will be no shortages, though the price may rise a bit for a while. Meanwhile, as the global recession takes hold, demand will fall. And you can count on the new president of Argentina to accelerate mineral production too.