Chinese trader who made US$1.5bil on gold builds bet on copper

Quick Summary:

A RECLUSIVE Chinese billionaire whose prescient gold trades turned into an eye-catching windfall has now become the country's biggest copper bull, amassing a bet worth nearly US$1bil in a market jolted by escalating competition between the United States and China.

A handful of larger-than-life figures have dominated Chinese commodities trading since the economic boom began two decades ago, transforming the industry.

His fund came in just as bullion was beginning a record-breaking ascent – and made roughly US$1.5bil in profit in the process, according to Bloomberg calculations.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist:  ALFRED CANG

Category: EconomyBusiness

Markets: MalaysiaChinaGibraltarUnited States

Topics: Billionaire /Business/Business News Bian Ximing Copper Commodities Gold

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28856996

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 3 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions