Base metals speculators sharply increased their net long positions in the Copper futures market last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds and retailers totaled a net long position of 11838 contracts in the data reported through January 14, 2025, surging by 8327 contracts and hitting one month high.

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