Commodity traders make billions as oil, copper, battery metals prices rise
From oil to steel, raw material prices are surging. As the world economy recovers, how much further does the boom have to run?
Doug King set up his hedge fund in the early days of the commodity super-cycle in 2004. It was perfectly timed: voracious Chinese demand lifted the price of everything from oil to copper to record highs. Investors flooded the commodities sector. At the peak, King’s Merchant Commodity Fund was managing about $2 billion.
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