Is copper price rebound only temporary?

Brent Cook author of a The Gold Report on Mineweb.com, makes the case that the reasons for the current rebound in copper price are temporary:

• China and others are restocking strategic reserves at bargain prices
• Copper producers are holding back supplies from the market due to low prices or lack of buyers
• Asian buyers are converting US dollars into hard assets
• Short covering as the copper price stabilized
• Market arbitrage made it cheaper to import copper cathode into China
• Shortage of scrap supplies due to the lack of credit, low prices and slowing manufacturing activity

Copper closed at $2.02 a pound on Thursday, up from its recent low of $1.28.