New Delhi, Jan. 29 -- Following a sharp 7% surge in the copper prices, shares of mini-ratna PSU Hindustan Copper skyrocketed 18% to hit a fresh 52-week high in Thursday's trading session. Rising for the fourth day in a row, Hindustan Copper share price has recorded a cumulative 40% surge during this period.

The metal stock rose to Rs.745 on the NSE today, with trading volumes remaining higher than usual, as copper spiked 6.7% in the international market to $13,967 a ton on the London Metal Exchange. On the MCX too, copper prices hit a fresh peak of Rs.1432.35 per kg, up 8.4%.

The growing global spending on data centres, robotics and power infrastructure is boosting the demand for copper as it is a vital metal for electrification, power ...