Copper Prices Climb Amid Global Market Trends and Supply Disruptions

Copper futures experienced an uptick, rising to Rs 917.30 per kilogram in the domestic market as traders expanded their positions, influenced by positive global market trends.

On the Multi Commodity Exchange, October delivery contracts increased by Rs 4.30 or 0.47%, amidst a robust business turnover. The September delivery contracts maintained a five-session streak, increasing by Rs 4.45 or 0.48% to Rs 922.55 per kilogram.

Factors contributing to the bullish trend include expectations of possible interest rate cuts by the Federal Reserve and significant supply disruptions in Indonesia's Grasberg mine, affecting global copper availability.