Copper stocks have been on the upswing this week as the price of the red metal recently hit a new 3 month high. Copper prices have rallied as upbeat Chinese economic data fed hopes that officials in the world's top copper consumer will try to stimulate growth.

China said that its economy grew by 8.9% in the Q4 which was slower than the previous quarter. Analysts, however, consider these levels robust. The Paragon Report examines investing opportunities in the Copper Industry and provides equity research on Taseko Mines Limited and Southern Copper Company.

Copper inventories in London Metal Exchange warehouses dropped to 13 month low this week and more declines are seen likely due to a pick up in US demand. Reuters reported that 25% drop in LME copper prices in the Q4 which touched a low of USD 6,635 per tonne in October, triggered restocking in China, which accounts for about 40% of global copper consumption.

Mr David Wilson analyst of Citigroup said that "It's fairly obvious that China has been restocking since September, attracted by lower prices but now the question is: are we going to see more restocking or are consumers already sitting on reasonable volumes?"

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Taseko Mines Limited engages in the exploration, development, and operation of mineral properties in British Columbia, Canada. Earlier this month the company reported fourth quarter production of 22.3 million pounds of copper and 388,000 pounds of molybdenum for its 75% owned Gibraltar Mine located north of the City of Williams Lake. Total production for the 12 months ended December 31st 2011 was 82.9 million pounds of copper and 1.3 million pounds of molybdenum.