Copper, lead strengthen on global cues, industrial demand

Copper and lead traded higher up to Rs 5 per kg at the non-ferrous metal market today largely in tandem with a firming trend in select base metals at the London Metal Exchange (LME) amid pickup in demand at the physical market.
However, aluminium showed weakness on subdued demand.
Marketmen said sentiments remained firm as copper rose at the LME after Glencore Plc's chief signalled that the market would recover as low prices force miners to cut output.
Besides, rising demand from consuming industries influenced metal prices, they said.
In the national capital, copper mixed scrap remained firm and prices rose by another Rs 5 to trade at Rs 360 per kg.

Lead ingot and lead imported also gained Rs 2 each at Rs 101 and Rs 102 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 106-112, Nickel plate (4x4) Rs 905-910, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 360, Chadri deshi Rs 285.
Lead ingot Rs 101, Lead imported Rs 102, Aluminium ingots Rs 152, Aluminium sheet cutting Rs 148, Aluminium wire scrap Rs 148 and Aluminium utensils scrap Rs 146.