Given such high copper prices, no traders dare to put on short positions, and that's why volume reduced. Some traders pulled investments from copper into aluminum, betting gains in aluminum might be bigger. -Li Rong

 

Given such high copper prices, no traders dare to put on short positions, and that's why volume reduced. Some traders pulled investments from copper into aluminum, betting gains in aluminum might be bigger.


-Li Rong
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This quote is just one of 8 total Li Rong quotes in our collection. Li Rong is known for saying 'Given such high copper prices, no traders dare to put on short positions, and that's why volume reduced. Some traders pulled investments from copper into aluminum, betting gains in aluminum might be bigger.' as well as some of the following quotes.

I'm a little cautious as London prices at $5,000 mark is a very important price level. I think at this price volatility will emerge.

Li Rong

Given such high copper prices, no traders dare to put on short positions, and that's why volume reduced. Some traders pulled investments from copper into aluminum, betting gains in aluminum might be bigger.

Li Rong

Funds are giving a strong boost to metal prices.

Li Rong

I saw fireworks only on TV before, but tonight I set off them myself. They are as beautiful as shining stars! This is the most unforgettable Spring Festival in my life.

Li Rong

Overall, the push from speculators is the main driver for higher copper prices.

Li Rong