Copper futures down 1.41 per cent on global cues

Copper futures traded 1.41 per cent lower at Rs 375.40 today on speculators reducing their positions amid weak global cues.

At the Multi Commodity Exchange, copper for delivery in April fell by Rs 5.35, or 1.41 per cent at Rs 375.40 per kg, in a business turnover of 460 lots.

Similarly, the metal for delivery in far-month June was down by Rs 5.20, or 1.35 per cent, at Rs 379.80 per kg in five lots.

Analysts attributed the fall in copper futures to weak cues from global market after workers agreed to end a strike at the world's top copper mine in Chile. The strike had lasted 43 days.
 

At the the London Metal Exchange (LME), copper ended down 0.4 per cent at USD 5,804 per metric tonne on Friday.