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Hedge funds bail on copper as Goldman sees 'supply storm'

Tuesday, August 30, 2016 - 05:50

New York

COPPER is stuck in a rut. While other metals have shone in 2016, copper has struggled to gain traction and last week erased its gains for the year. Demand in China, the world's biggest user, is slowing just as Goldman Sachs Group Inc predicts a "supply storm" will hit the market

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