Copper Bearish Bets Outnumber Bullish Wagers as Mine Strike Looms
Aug.12 -- Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine.
In the U.S., hedge funds’ bearish bets outnumber bullish wagers by the most since 2016, latest data show. Sentiment has turned increasingly negative even as BHP Billiton and workers at its Escondida mine in Chile approach the end of a government-led mediation, after wage talks failed.
Bloomberg's James Poole reports on "Bloomberg Markets: Asia."