Spot demand, global cues lift copper futures by 2.12 per cent

Copper futures traded 2.12 per cent higher at Rs 373.75 per kg today as speculators raised their bets amid rising spot demand and a firm trend overseas.
In futures trade, copper for delivery in far-month February 2017 rose by Rs 7.75, or 2.12 per cent, at Rs 373.75 per kg in a business turnover of 19 lots at Multi Commodity Exchange.
Similarly, the metal for delivery in November edged up by Rs 7.60, or 2.11 per cent, at Rs 368.35 per kg in 952 lots.
Analysts said apart from rising demand from domestic consuming industries, firmness in the base metals pack at the London Metal Exchange (LME), influenced copper futures here.

Globally, copper surged 2.5 per cent at the LME.