Copper Joins Hot Commodity Club as Chinese Punters Top Trump
- ‘Move is driven out of Asia,’ says Guy Wolf of Marex Spectron
- Goldman Sachs and Citigroup say prices have climbed too fast
Oil and Copper's Commodity Market Divergence
This article is for subscribers only.
After shaking up iron ore, steel and coal futures this year, Chinese investors have taken on copper.
The metal used in cables and wiring jumped 11 percent last week, the most since 2011, as President-elect Donald Trump’s pledge to spend as much as $1 trillion on infrastructure boosted the outlook for demand. But the impetus for the surge probably had its origins elsewhere, namely in China.