Copper strengthens on rising demand, global cues

Copper prices strengthened by Rs 2 per kg at the non-ferrous metal market today on increased buying by stockists to meet rising demand amid positive cues from global markets.
Traders said stockists buying on the back of rising demand from consuming industries at domestic spot market and a firm trend overseas, mainly kept copper prices higher.
Globally, copper for three-month delivery rose 0.3 per cent to trade at a three-year high of USD 6,940 per tonne at the London Metal Exchange in yesterday's trade.
In the national capital, copper mixed scrap traded higher by Rs 2 to Rs 365 per kg.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 110-116, Nickel plate (4x4) Rs 782-792, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 365, chadri deshi Rs 295.
Lead ingot Rs 106, lead imported Rs 112, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.