Copper, nickel rise on industrial demand, global cues

Prices of copper and nickel rose by Rs 2 per kg on the local non-ferrous base metals market today due to increased industrial demand amid a firm global trend.
Traders said besides increased industrial demand, firm global trend as stockpiles declined amid disruptions in Indonesia, mainly led to rise in copper and nickel prices.
Meanwhile, copper for delivery in three months gained 0.4 per cent to 7,236.50 dollar a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel (4x4) rose by Rs 2 each to Rs 439 and Rs 1,077-1,078 per kg respectively.

The following are today's metal rates per kg:
Zinc ingot 117-123, nickel plate (4x4) 1,077-1,078 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 439,chadri deshi 285.
Lead ingot 136,lead imported 134, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150.