New Delhi, Sept. 25 -- State-owned Hindustan Copper extended its winning streak for the fifth straight day, gaining another 7% to Rs.330 apiece in Thursday's trade (September 25), and moving closer to its 52-week high of Rs.353. Today's sharp rally was driven by a surge in copper prices, positioning the company to capitalise on the global rise in demand.

Benchmark three-month copper on the London Metal Exchange jumped 3.9% to hit a 15-month high of $10,400 a metric ton in Wednesday's trade after Freeport-McMoRan declared force majeure on output from its Grasberg mine in Indonesia, the world's second-largest copper source.

The rally has now pushed copper prices closer to their all-time high of $11,104.50, reached in May 2024. The force m...