Copper rebounds on global cues

Copper bounced back by Rs 2 per kg today at the non-ferrous metal market today largely on firm global trend amid pick up in demand from consuming industries.
However, other base metals after moving in a narrow range in scattered deals, settled at previous levels.
Traders buying activity in copper picked up after it rallied from its lowest level since 2009 and industrial metals advanced as China's government said it will continue to stabilise the stock market after shares slumped the most since 2007.
Meanwhile, copper for delivery in three months gained 0.7 per cent to USD 5,225.50 per tonne on the London Metal Exchange.

In the national capital, copper mixed scrap were up by Rs 4 to Rs 394 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 108-114, Nickel plate (4x4) Rs 950-955, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 394, Chadri deshi Rs 285.
Lead ingot Rs 100, Lead imported Rs 101, Aluminium ingots Rs 156, Aluminium sheet cutting Rs 157, Aluminium wire scrap Rs 159 and Aluminium utensils scrap Rs 156.