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Copper, nickel rise on industrial offtake, global cues

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Press Trust of India New Delhi
Prices of copper and nickel gained Rs 2 per kg at the local non-ferrous metals market today on pick-up in industrial demand amid a firm global trend.

Traders said sentiments turned better as most base metals rose in global markets after Greece reached a provisional deal with Eurozone Finance Ministers and ahead of housing data from the US.

Meanwhile, copper rose 0.4 per cent to USD 5,715 a metric tonne on the London Metal Exchange.

In the national capital, copper mixed scrap and nickel (4x4) were up by Rs 2 each to Rs 403 and Rs 1,052-1,057 per kg, respectively.
 

Following are today's metal rates (in Rs per kg)

Zinc ingot Rs 116-122, Nickel plate (4x4) Rs 1,052-1,057, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 403, Chadri deshi Rs 285.

Lead ingot- Rs 108, Lead imported- Rs 109, Aluminium ingots- Rs 162, Aluminium sheet cutting- Rs 163, Aluminium wire scrap- Rs 165 and Aluminium utensils scrap- Rs 162.

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First Published: Feb 23 2015 | 3:10 PM IST

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