Copper, nickel slide on global cues

Amid weak global cues and subdued domestic demand, copper and nickel prices drifted up to Rs 5 per kg at the non-ferrous metal market today.
Traders said sentiments remained bearish as industrial metals declined in global markets after an official gauge showed China's factory activity at a three-year low, underscoring weakening demand in the world's biggest consumer.
Meanwhile, nickel dropped 3 per cent to USD 9,760 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) fell by Rs 2 and Rs 5 to Rs 358 and Rs 910-915 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 100-106, Nickel plate (4x4) Rs 910-915, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 358, Chadri deshi Rs 285.
Lead ingot Rs 96, Lead imported Rs 97, Aluminium ingots Rs 150, Aluminium sheet cutting Rs 151, Aluminium wire scrap Rs 153 and Aluminium utensils scrap Rs 150.