| Hedge funds and other speculators increased their bullish bets on aluminum with prices climbing to a 17-month high today amid forecasts for a shortage.
The net-long position in aluminum rose to 146,418 futures and options by Aug. 8 from 141,277 contracts a week earlier, the London Metal Exchange said in its second weekly Commitment of Traders report. Zinc has the highest share of money manager bets on higher prices at 28 percent of open interest compared with 25 percent for aluminum and 22 percent for copper......................................Full Article: Source
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