Hedge Funds Boost Bullish Copper Wagers to Highest Since October
Worker handles copper plates in a copper electrolysis plant at the Zijinshan mine in Longyan, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Money managers boosted their bullish wagers on copper to the highest since October due to concerns over potential tariffs on the red metal by US President Donald Trump.
Hedge funds and other large speculators increased net-long positions by 26% to 21,673 contracts for the week ended Feb. 11. The level was the highest in 16 weeks, US government data showed on Friday.