Still no reason to be bullish on copper

Money manager positioning on the CME’s copper contract shifted back to a net long at the start of November for the first time since early May. — AFP

COPPER’S future in the energy transition may be bright but it’s the problematic here and now that is weighing on fund managers’ minds.

Money manager positioning on the CME’s copper contract shifted back to a net long at the start of November for the first time since early May.