Hindustan Copper shares locked in a 20% upper circuit in today’s trade after copper prices climbed to fresh record highs across major global commodity exchanges, triggering strong buying interest in metal-linked stocks. The rally comes amid a sharp surge in international copper prices, which has directly boosted domestic copper futures on the Multi Commodity Exchange (MCX).
On the Shanghai Futures Exchange (SHFE), the most-active copper contract jumped more than 6% to cross 108,700 yuan per tonne, after touching an all-time high earlier in the session. At the same time, three-month copper prices on the London Metal Exchange (LME) surged past $13,950 per tonne, marking a new historic peak.
The strong momentum in global copper markets has spilled over into Indian commodity trading, with MCX copper futures tracking international trends closely. Rising prices reflect tightening global supply conditions, resilient industrial demand, and sustained buying from traders positioning for further upside.
