| After lagging behind rivals for most of 2016, the metal price has exploded recently. A wave of speculative buying has helped pushed copper to its highest level in more than a year, helping to reverse its underperformance against other industrial metals.
After going nowhere for most of the year, copper has surged 20 per cent over the past two weeks, attracting the attention of momentum trading funds. It has also forced short sellers to buy back their positions. “Speculators are finally returning to the copper market,” said Xiao Fu, head of commodity markets strategy at Bank of China International.........................................Full Article: Source
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