Core Viewpoint - The article highlights the strategic shift of a prominent Chinese trader, Bian Ximing, from gold to copper, capitalizing on market trends and macroeconomic factors, resulting in significant profits in both commodities [1][2][18]. Group 1: Bian Ximing's Background and Achievements - Bian Ximing, known as the "Invisible King of Futures," has made a remarkable $1.5 billion (approximately 10.83 billion yuan) in the gold market from 2022 to 2024, showcasing his adept trading skills [2][14]. - He is the chairman of multiple companies, including Zhongcai Group and Zhongcai Futures, and holds a 65.32% stake in the group, which operates in various sectors including finance and futures [5][7]. Group 2: Transition from Gold to Copper - Despite gold prices reaching $3,500 per ounce, Bian shifted his focus to copper, which he perceives as undervalued, establishing a long position of $1 billion (approximately 7.25 billion yuan) in copper futures [15][18]. - As of early 2025, Bian's copper futures position has generated a floating profit of over $200 million (approximately 1.45 billion yuan) [17]. Group 3: Market Dynamics and Copper's Potential - The demand for copper is expected to surge due to the growth of the renewable energy sector and infrastructure upgrades, with a projected supply-demand gap of 8 million tons by 2030 [20][22]. - Global copper supply is under pressure from geopolitical instability in major producing countries and export restrictions, leading to a structural shortage [20][21]. Group 4: Trading Strategy and Philosophy - Bian emphasizes a trading philosophy that combines trend-following, substantial positions, and segmented execution, focusing on confirming trends before entering large positions [26][27]. - His approach includes dynamic risk management through position adjustments rather than simple profit-taking, allowing for flexibility in volatile markets [28]. Group 5: Future Outlook for Copper - Analysts predict that copper prices could challenge $10,000 per ton by the end of 2025, indicating a potential "super cycle" for copper [30][31].
炒黄金狂赚100亿,他转身“炒铜”,又已赚14亿多
华尔街见闻·2025-05-20 03:33