The LME, or the London Metals Exchange, copper price continues to deviate from the Shanghai Futures Exchange copper price. Speculators are taking aim as the price divergence suggests a mini-bubble might be developing in the copper market after an explosive rally.
Over the last few months, inventories on the Shanghai Futures Exchange have climbed while those in London have declined. When this sort of anomaly occurs, commodity experts point to speculators like hedge funds whom strive to ride a trend to its fullest, usually with leverage.
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