October 2017 | Base Metals
Base metals investment analysis: Keen on copper, ignoring unfashionable lead
Even before this week’s rally in copper prices, recent COT data has shown funds starting to get more interested in copper again. We would have expected greater interest on the long side of lead too, but that has not been the case. There are a few possible reasons, but we wait to see if another up-leg in lead prices attracts more fund involvement.
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