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Copper moves up on global cues

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Press Trust of India New Delhi
Last Updated : Jun 01 2015 | 2:48 PM IST
Copper prices rebounded by Rs 2 per kg at the non-ferrous metal market today largely on firm global trend.
However, other base metals moved in a narrow range in limited deals and settled at last levels.
Traders said sentiment in copper turned better after it climbed in global markets as factory activity in China, the world's biggest consumer, expanded for a third month.
Meanwhile, copper for delivery in three months rose 0.4 per cent to USD 6,041.50 a metric tonne on the on the London Metal Exchange.
In the national capital, copper mixed scrap rose by Rs 2 to Rs 406 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 114-120, Nickel plate (4x4) Rs 1,020-1,025, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 406, Chadri deshi Rs 285.
Lead ingot Rs 108, Lead imported Rs 109, Aluminium ingots Rs 157, Aluminium sheet cutting Rs 158, Aluminium wire scrap Rs 160 and Aluminium utensils scrap Rs 157.

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First Published: Jun 01 2015 | 2:48 PM IST

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