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Copper signals resilience despite eventful weeks

Hedge funds bet on the metal as China's copper imports hit all-time high in first half

Speculators boosted their net-long position in copper to 18,284 US futures and options - the highest since March 29 - in the week to July 19, said the Commodity Futures Trading Commission.

New York

EVEN with the recent turmoil, the global economy is looking pretty resilient - at least that's what metals investors are signalling.

Over the course of about four weeks, the UK voted to leave the European Union, there was a failed coup in Turkey and Donald Trump bucked the...

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