Copper, nickel remain up on global cues

Copper and nickel remained firm and prices rose up to Rs 5 per kg at the local non-ferrous metals market today on increased buying by stockists, taking positive cues from overseas markets.
Traders sentiment remained firm after copper climbed in global markets amid speculation that demand will stabilise in China as policymakers try to support growth in the world's largest consumer of industrial metals.
Meanwhile, copper for delivery in three months climbed 0.4 per cent to USD 6,733 a metric tonne, the highest price since June 6 on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel (4x4) advanced by Rs 2 and Rs 5 to Rs 438 and Rs 1,094-1,095 per kg, respectively.

Following are today's metal rates per kg:
Zinc ingot 109-115, nickel plate (4x4) 1,094-1,095 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 438, chadri deshi 285.
Lead ingot 117, lead imported 115, aluminium ingots 152, aluminium sheet cutting 153, aluminium wire scrap 155 and aluminium utensils scrap 152.