Copper rises on global cues

Copper up 2.9% on the LME on firm Eurozone cues

Tracking a firming global trend, copper prices rose by Rs 5.70 to Rs 410.70 per kg in futures trading today as speculators created fresh positions.

Sentiment turned better after copper advanced the most in more-than-four-month in global markets as imports in China, the world's biggest consumer, rose 12% in May.

At the MCX, copper for delivery in June rose by Rs 5.70, or 1.41%, to Rs 410.70 per kg, with a business turnover of 62,811 lots.

The August contract was up by Rs 5.50, or 1.34%, to Rs 415.75 per kg in 4,879 lots.

Meanwhile, copper gained 2.9% to $7,506.75 a tonne at the London Metal Exchange, the biggest intraday increase since February 3.