Copper,nickel rise on stockists buying, global cues

Prices of copper and nickel rose by up to Rs 5 per kg at the non-ferrous metal market today on stockists buying following uptick in demand from consuming industries.
Fresh stockists buying after pick up in demand from consuming industries at domestic spot market and firm global cues supported copper and nickel prices, traders said.
Globally, copper for delivery in three month rose 1.6 per cent to USD 7,236.50 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) recovered by Rs 2 and Rs 5 to Rs 391 and Rs 755- 760 per kg respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 120-126, Nickel plate (4x4) Rs 755-760, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 391, chadri deshi Rs 295.
Lead ingot Rs 121, lead imported Rs 127, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.