Copper's uber-bull predicts new record on most-profitable trade
One of the highest-profile copper bulls is back predicting new price records, as Donald Trump's threat of tariffs drains global stocks and creates what he sees as unprecedented opportunities for trading profit.
"We think there is something exceptional happening in the copper market," he said. "Is it unreasonable to expect a copper price of $US12,000 [$19,000] or $US13,000? I'm struggling to put a number on it because this has never happened before."
Bintas isn't alone is his bullish call. Investment funds have lifted their net bullish positions in LME copper to the highest since last May, according to exchange data.
CYM Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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