Copper Futures Plunge 2% Amid Weak Global Cues, Profit-Booking

• Copper futures dropped nearly 2% to Rs 1,208.50/kg on Monday.
• The decline was driven by weak global trends and sluggish demand.
• February delivery contracts on MCX depreciated by Rs 21.25.
• March contracts also fell by 2% to Rs 1,233.80/kg.
• International markets saw Comex copper futures fall 3% and LME copper decline 2.71%.

Why It Matters: Copper prices fell significantly in futures trade due to weak global demand and investor profit-booking.