Copper Traders Diverge From Hedge Funds on Recovery

Copper Traders Diverge From Hedge Funds on Recovery

Alessia Pierdomenico/Bloomberg

Copper rods sit stored ahead of use at a power-plant production facility in Genoa, Italy. Copper demand will outpace supply by 288,000 tons in the two quarters through September, reducing this year’s surplus to 56,000 tons, according to Barclays.