Hedge funds bet on copper shortages, but face challenges due to China's economic slowdown.
Hedge funds have made bullish bets on copper, expecting future shortages; however, China's slowing economy has posed a challenge to this optimistic outlook. As copper prices reach record highs, Chinese traders are puzzled by the market's soaring prices, given economic indicators suggesting a slump. The tug of war between bullish fund managers and Chinese purchasers with different focus points is highlighted in the copper market.
June 23, 2024
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