Prices of copper and nickel strengthened by Rs 2 per kg at the local non-ferrous base metals market today on firming global trend.
Traders attributed the rise in copper and nickel futures to a firm global trend where copper climbed to a one-week high, after a report showed that China's new credit increased to a record last month, boosting demand prospects for industrial metals from the top user.
Meanwhile, copper for delivery in three months added 0.6 per cent to USD 7,194.75 a tonne, the highest price since February 6 at the London Metal Exchange.
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In the national capital, copper mixed scrap and nickel (4x4) rose by Rs 2 each to Rs 450 and Rs 1,070-1,071 per kg, respectively.
The following are today's metal rates per kg:
Zinc ingot 121-127, nickel plate (4x4) 1,070-1,071 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 450, chadri deshi 285.
Lead ingot 142, lead imported 140, aluminium ingots 146, Aluminium sheet cutting 147, aluminium wire scrap 149 and aluminium utensils scrap 146.
