Uncertain period: A worker supervises the liquid copper mold production line at a smelting plant in Glogow, Poland. There’s a lot of uncertainty clouding the big picture for copper next year. — Bloomberg
FUND managers appear to have closed their copper trading books early this year.
Speculative positioning on both the London Metal Exchange (LME) and CME copper contracts has fallen sharply since October’s frenzied trading, which saw LME three-month metal spike up to US$10,452.50 (RM44,229.75) per tonne amid unprecedented time-spread turbulence.
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