Copper prices rose 0.06 per cent to Rs 407.10 per kg in futures trade Tuesday after participants raised their positions amid pick-up in demand at the spot market.
At the Multi commodity Exchange, copper for delivery in June contracts was trading higher by 25 paise, or 0.06 per cent, to Rs 407.10 per kg in a business turnover of 29,395 lots.
Analysts attributed the rise in copper prices to futures trade to raising of bets by participants, driven by a pick-up in demand at the spot market.
Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company. The Company, along with its 50% joint venture partner, Caucasian Mining Group, operates in Georgia on the prolific Tethyan Belt, a well-known geological region and host to many high grade copper-gold deposits and producing mines.