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Copper Joins Hot Commodity Club as Chinese Punters Top Trump

Posted on 16 November 2016

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.
China’s retail traders and funds have been buying copper in Shanghai since the start of November after the country’s exchanges boosted margins on other commodities, according to Citigroup Inc………………………………….Full Article: Source


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