Copper prices rose more than 1% to ₹1,306.45 per kg in futures trade on Monday, tracking firm trends in the global markets amid continuous supply concerns.
On the Multi Commodity Exchange, copper futures for January delivery rose ₹19.35, or 1.5%, to ₹1,306.45 per kilogram in a business turnover of 13,926 lots.
Similarly, the February contract for the red metal increased ₹20.90, or 1.6 %, to ₹1,324.60 per kg in 4,771 lots.
1 January 2026
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On the global front, Comex copper futures for March delivery went up 3.2% to $5.87 per pound while the red metal on the London Metals Exchange (LME) rose by $334.75, or 2.67%, to $12,849.70 per tonne.
According to Axis Securities, copper futures were trading higher and hovering near its record highs on Monday.
The supply of copper has come under pressure following halted operations at Freeport-McMoRan's Grasberg mine in Indonesia, which accounts for nearly 3 per cent of global supply, after a fatal incident, the brokerage said in a note.
