Commodities Buzz: Copper net speculative longs surge to three-month high

Base metals speculators continued to raise 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 33690 contracts in the data reported through July 1, 2025, increasing by 4257 contracts and spiking to three-month high.

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