Commodity Online
MUMBAI: Copper stocks joined the metals rally on the bourses today as all other metal stocks traded with heavy gains, while copper prices remained steady on the commodity exchanges in India.

Leading copper miners including Hindustan Copper Ltd and Sterlite Industries Ltd posted high gains during the afternoon trading session on the Bombay Stock exchange (BSE).

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Vedanta Resources Group copper miner, Sterlite Industries traded at Rs.579.40 with gains of over 7% during the day. Similarly, Hindustan Copper Ltd surged to Rs.417.05 up 5% during the afternoon trading session on the BSE.

Birla group major, Hindalco Industries Ltd surged by over 3.5% to Rs.82.80 during the day. However, Copper prices remained range bound on the commodity exchanges. June Futures for copper stood at Rs.225.9 per kg marginally up from its previous prices, while copper LME stood at USD 4670 per MT with negative mark.

U.S. copper futures traded positive on Tuesday after data showed U.S. consumer confidence had climbed to its highest level in eight months. After the release of US consumer confidence data, copper for July delivery marginally recovered to trade down 0.85 cent at USD 2.0890 per lb on the NYMEX.

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