Don’t miss the latest developments in business and finance.

Copper, zinc rise on global cues

Image
Press Trust of India New Delhi
Last Updated : Jan 06 2014 | 3:05 PM IST
Copper and zinc prices rose by Rs 2 per kg at the local non-ferrous base metals market today on fresh buying activity from consuming industries amid a firm global trend.
Traders attributed the rise in copper and zinc prices to a firm global trend where copper climbed as stockpiles continued to decline and before data that may show expansion in US services and factory orders, boosting the demand outlook for industrial metals.
Meanwhile, copper for delivery in three months rose 0.3 per cent to USD 7,334.75 a tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and zinc ingot rose by Rs 2 each to Rs 425 and Rs 109-115 per kg, respectively.
The following are today's metal rates per kg:
Zinc ingot 109-115, nickel plate (4x4) 1,070-1,071 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 425, chadri deshi 285.
Lead ingot 134, lead imported 132, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150.

Also Read

First Published: Jan 06 2014 | 3:05 PM IST

Next Story