Copper, nickel rises on global cues

Prices of copper and nickel rose by 2 per kg at the local non-ferrous metals market today on stockists buying, tracking a firm global trend.
Traders said sentiment turned better as copper traded near the highest in almost a week in global markets after data showed confidence among US homebuilders reached the most in seven months and as investors look ahead to Chinese manufacturing data.
Meanwhile, copper for delivery in three months gained 0.30 per cent to USD 6,926.75 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 430 and Rs 1,092-1,098 per kg respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot 110-116, Nickel plate (4x4) 1,092-1,098, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 430, Chadri deshi 285.
Lead ingot 107, Lead imported 105, Aluminium ingots 159, Aluminium sheet cutting 160, Aluminium wire scrap 162 and Aluminium utensils scrap 159.