Metals have exhibited a bullish trend thanks to buying sentiment at lower levels after the last week's series of fall in prices. In the year 2010, Copper futures climbed to almost 37 percent as mining companies faced short fall of inventories due to continuous rising consumption in rising market. Copper price once again have been driven by the economic optimism in international market.
In last three days, Copper recovered after more than 9 percent drop in month of February. First day for March looks bit positive for metals sectors as prices trade firm from morning. On LME, Copper futures climbed for third straight day to monthly gain. Copper three month delivery contract rose by 0.42 percent to 9921 USD a tonne.
Since last two days, equity market gains faster due to buoyed demand outlook. Investors in international market switch their investment towards metals and equity as Precious metals become less appealing these days.
