New Delhi, Feb. 3 -- Copper price today witnessed a relief rally after sharp declines over the previous two sessions, with worries over supply and improving demand outlook helping stabilise the red metal.

Copper prices on Multi Commodity Exchange (MCX) rose as much as 5.91% to Rs.1,291 per kg on Tuesday, as of 2:10 pm IST.

Meanwhile, on the London Metal Exchange(LME), the benchmark three-month copper contract jumped 4.08% to $13,417 a tonne. This rebound followed steep corrections since Friday, after an earlier blistering rally across both exchanges.

Meanwhile, the most-traded copper contract on the Shanghai Futures Exchange rose 2.60%, ending the daytime session at $15,066.54 per metric tonne.

According to analysts, as quoted by Reut...