Hedge Funds Boost Bullish Copper Wagers to Five-Month High

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Take our Survey

By Yvonne Yue Li

May 15, 2026 at 8:19 PM UTC

Money managers increased their bullish bets on copper to the highest since December before prices traded on New York’s Comex climbed to a fresh record high.

Hedge funds and other large speculators raised net-long positions by 16% to 73,523 contracts for the week ended May 12. The level was the highest in 20 weeks, US government data showed Friday.