Domestic copper prices in India have continued their upward trend, rising 1.3% on Tuesday to reach ₹1,387 per kg. This surge follows global copper prices hitting a record high of $6.4 per pound, driven by concerns over supply disruptions and robust demand from sectors related to electrification and artificial intelligence. Ajit Mishra, Senior Vice President of Research at Religare Broking, noted that supply shortages, particularly due to the US-Iran conflict affecting exports of essential materials for copper refining, have contributed to the price increase. As a result, copper production in Chile has been impacted, further tightening supply. The technical outlook indicates a strong long-term uptrend, with MCX copper trading above its 21-week moving average. Analysts suggest waiting for a corrective phase towards the ₹1,355 - ₹1,360 support region before making purchases, with target objectives set at ₹1,410 - ₹1,420. Despite the strong momentum indicated by the Relative Strength Index (RSI), short-term pullbacks may be anticipated following the recent sharp rise.