Copper, lead strengthen on global cues

Select base metals, led by copper, strengthened by Rs 2 per kg at the local non-ferrous metals market today on a firming global trend.
Traders said sentiments remained firm after copper advanced to a four-week high in global markets as stockpiles in major exchanges declined amidst speculation that the US economy will rebound from a worse-than-estimated contraction in the first quarter.
Meanwhile, copper for delivery in three months rose 0.5 per cent to USD 6,951.25 a tonne, the highest since May 28, on the London Metal Exchange.
In the national capital, Copper mixed scrap, Lead ingot and Lead imported moved up by Rs 2 each to Rs 447, Rs 119 and Rs 117 per kg, respectively.

Following are today's metal rates (in Rupees per kg):
Zinc ingot 111-117, Nickel plate (4x4) 1,094-1,100, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 447, Chadri deshi 285.
Lead ingot 119, Lead imported 117, Aluminium ingots 155, Aluminium sheet cutting 156, Aluminium wire scrap 158 and Aluminium utensils scrap 155.