Copper remains up on higher global trend

Copper remained firm and prices rose further by Rs 5 per kg on the local non-ferrous metal market today on increased industrial demand, supported by firming trend at London Metal Exchange.

Buying activity in copper picked up as copper in London extended gains, rising 1.1 per cent to a record $9,855 a tonne, as shrinking global inventories signaled demand is improving amid expectations for a shortfall in supplies.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and added another Rs 5 each  502, Rs 525 and Rs 486 per kg, respectively.

Following were today's quotations in Rs per kg:

Tin ingot 840, zinc ingot 133.50, nickel plate (4x4) 1,050-1,052, gun metal scrap 226 bell metal scrap 228, copper wire scrap 502, copper wire bar 525, copper mixed scrap 486, Utensil scrap 224, Chadripital 175

Lead ingot 138, lead imported 140, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102