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Copper bears keep net-short position as stockpiles rise

Copper has historically been used as an indicator for what's to come in raw materials and as a gauge of global expansion.

New York

HEDGE funds are betting that the worst is yet to come for copper.

Prices for the metal used in everything from homes to cars to appliances are stuck in the worst slump in more than two years. Stockpiles jumped 11 per cent in Shanghai last week.

With China's economy