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Gold made a crazy profit of 1.5 billion, and he has quietly become China's largest Copper bull! The bet is approaching 1 billion dollars.
By accurately betting on the Gold market to earn 1.5 billion USD, this person from China is once again taking action, holding nearly 0.09 million tons of Copper Futures positions, revealing a deep determination regarding the economy, technological transformation, and the Global Metal landscape.
National Bureau of Statistics: In early May, the prices of 12 important production materials in the circulation field increased.
On May 14, the National Bureau of Statistics released information on the market price changes of important production materials in circulation for early May 2025.
Tariff threats have triggered drastic changes in the flow of Copper: the USA "absorbs Copper" while Europe "lacks Copper".
In some areas of the European continent, spot Copper premiums have risen to a historic high. The Global Copper market is active in arbitrage trading, and the substitution of scrap Copper is heating up.
Base Metal Prices Mixed; Copper Slips But Underlying Demand Looks Strong -- Market Talk
HSBC Starts China Nonferrous Mining at Buy With HK$7.20 Price Target
Base Metal Prices Mixed; Copper Gains as Chinese Trading Resumes -- Market Talk