Reported 6 months ago
Rokos Capital Management and Andurand Capital Management, among other hedge funds, have been investing heavily in the copper market, with hopes for massive price increases. While copper prices recently hit a record high driven by speculative investments, these funds are betting on even higher prices in the future. Despite warnings of weak demand in China and a well-supplied market, industry insiders note a surge in bullish forecasts due to factors like mine setbacks and growing demand for copper in energy transition and data center industries.
Source: YAHOO