Funds have dumped their bets on higher copper prices as the turbulence triggered by the collapse of Silicon Valley Bank continues to roil financial markets. Early-year enthusiasm for copper as a proxy for China's re-opening from stringent lockdown has succumbed to the contagious fear spreading from the banking sector to other risk asset classes. The investment community has turned net short of CME copper HGcv1 for the first time in five months, while funds have cut their long exposure on the London Metal Exchange (LME). Investors' negativity towards Doctor Copper contrasts with the bullish headlines generated by the ... (full story)