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Copper strengthens on firm global cues

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Press Trust of India New Delhi

Copper prices rose by Rs 2 per kg in the wholesale local non-ferrous metals market today on sustained buying by stockists driven by a firming trend at the London Metal Exchange.

Buying activity in copper picked up, after it staged a recovery from a two-week low at London, as investors bought the metal.

Meanwhile, copper for three-month delivery rose 1.2 per cent to $6,605 a metric tonne on the London Metal Exchange.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and added Rs 2 each to Rs 365, Rs 384 and Rs 344 per kg, respectively.

 

Following were today's quotations in Rs per kg:

Tin ingot 800, zinc ingot 127.00, nickel plate (4x4) 895- 1,009, gun metal scrap 226 bell metal scrap 228, copper wire scrap 365, copper wire bar 384, copper mixed scrap 344, utensil scrap 224, Chadripital 175.

Lead ingot 125, lead imported 128, aluminium ingots 102, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100.

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First Published: Jun 04 2010 | 3:39 PM IST

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