Nickel, copper rise on global cues

Prices of nickel and copper rose by Rs 2 per kg at the local non-ferrous metals market today on buying by stockists amid firming global trend.
Traders said sentiment turned better after nickel climbed in the overseas markets on concern that supply would not meet demand this year.
Meanwhile, nickel for delivery in three months rose two per cent to USD 19,399 a tonne on the London Metal Exchange.
In the national capital, nickel (4x4) and copper mixed scrap moved up by Rs 2 each to Rs 1,096-1,097 and Rs 435 per kg, respectively.
Following are today's metal rates per kg:

Zinc ingot 115-121, nickel plate (4x4) 1,096-1,097 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 435, chadri deshi 285.
Lead ingot 124, lead imported 122, aluminium ingots 148, Aluminium sheet cutting 149, aluminium wire scrap 151 and aluminium utensils scrap 148.