Copper price scale fresh lifetime high of Rs 617.45 per kg, expert see further gains ahead
Rising hopes of the additional stimulus package in the USA is currently rising with higher Chinese buying to improve the base metals prices in the international markets.
Mumbai / December 19, 2020 / 05:50 PM IST
Copper prices soared to settle at Rs 616.90 per kg on December 18 after hitting a fresh lifetime high of Rs 617.45 during the day on the MCX. The base metal extended gains after a gap up opening and close at the high point of the day.
Copper is steadily climbing up and is nearing its highest level in eight years in the global market as stockpiles around the world fell, the Fed promised to pump more money into the markets, and optimism of US stimulus package.