There’s a good argument that the metal -- which is in the midst of a record-breaking 13-day sell off -- is due for a bounce when China gets coronavirus under control. But the chance that the outbreak could still get much worse is keeping some traders on the sidelines.
LONDON: For the handful of hedge-fund traders who built long careers riding the volatility of commodities markets, two things are obvious about copper: it’s cheap and terrifying.
There’s a good argument that the metal -- which is in the midst of a record-breaking 13-day sell off -- is due for a bounce when China gets coronavirus under control. But the chance that the outbreak could still get much worse is keeping some traders on the sidelines.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
