New Delhi, March 14 -- Hindustan Copper, a state-owned company engaged in mining copper ore in India, saw its shares zoom 6% to Rs.249 apiece in today's early trade, snapping a 5-day losing streak after copper prices rose sharply as investors bet on a drop in global supply.

On Wednesday, copper prices surged to their highest level in 11 months, climbing by 3.1%, following a meeting in Beijing where officials from at least 15 Chinese plants discussed potential measures, including the possibility of production cuts. This sharp increase led to one of the busiest trading days on the London Metal Exchange in years, ending a period of stagnant trading, according to Bloomberg's report.

Chinese smelters, facing a crisis due to the significant d...