Chinese Hedge Funds Bearish on Copper Ring Alarm Bells for Bulls
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Nobody may be more bearish on China copper than Chinese hedge funds.
That should be a warning to investors who’ve ridden the metal’s rebound from a five-year low into a bull market. Gains of as much as 20 percent since late January haven’t convinced the money managers that demand is improving in the world’s biggest copper-consuming country, where the economy is growing at the slowest pace in a generation.