India: Copper firms up on global cues

NEW DELHI, APRIL 20:

Copper prices rose by Rs 1.65 to Rs 432.05 a kg in futures trade today as speculators enlarged their positions on the back of a firming global trend.

At the Multi Commodity Exchange, copper for delivery in August rose by Rs 1.65 or 0.38 per cent to Rs 432.05 a kg, with a business turnover of two lots.

Similarly, the metal for delivery in April edged up by Rs 1.40 or 0.33 per cent to Rs 419.80 a kg, with a business turnover of three lots.

Market analysts said a firming trend in copper at the London Metal Exchange (LME) mainly led to the rise in the metal prices at futures trade here.

Meanwhile, copper jumped 1.1 per cent to $9,444.50 a tonne on the London Metal Exchange.

(Source: http://www.thehindubusinessline.com/markets/commodities/article1711936.ece)