Copper futures trade higher on strong global cues
Copper futures traded higher on MCX, whetted by the strong global cues with the transition to greener technologies and the rapid expansion of artificial intelligence. The ongoing supply disruptions across major South American producers, due to natural disasters, labour strikes, and political risks, added the supply concerns.
The contract for January delivery was trading at Rs 1317.80 up by 0.20% or Rs 2.60 from its previous closing of Rs 1315.20. The open interest of the contract stood at 14908 lots.
The contract for February delivery was trading at Rs 1336.30 up by 0.25% or Rs 3.35 from its previous closing of Rs 1332.95. The open interest of the contract stood at 6313 lots on MCX.
