Copper: speculators less negative on the metal thanks to a change in the supply landscape

Funds have reduced their bets on a decline in copper prices as macroeconomic headwinds ease and the market collectively reassesses copper's supply dynamics. The shift in positioning has been underway since late October, when three-month LME copper was threatening to break through key technical support at May lows between $7.867 and $7.871 per tonne. The […]