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Copper rises 0.2% on global cues

Increased domestic demand supported copper futures

Press Trust of India New Delhi
Last Updated : Apr 09 2013 | 1:59 PM IST
Copper futures for April traded higher by 70 paise, or 0.17%, to Rs 408.65 per kg in 591 lots.     

At the Multi Commodity Exchange (MCX), the June contract edged up by 65 paise, or 0.16%, to Rs 415.10 per kg in 47 lots.

Increased domestic demand from consuming industries supported the copper futures.

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Firming trend overseas as miners prepared to strike in Chile, the biggest producer, influenced copper futures trade globally.

On the London Metal Exchange (LME), the three months' contract climbed 1.1% to $7,532 a tonne.

At Shanghai Futures Exchange (SFEX), the August contract rose 0.6% to 54,920 yuan ($8,853) a tonne.

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First Published: Apr 09 2013 | 1:57 PM IST

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