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Copper, nickel strengthen on rising demand

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Press Trust of India New Delhi
Prices of copper and nickel strengthened by up to Rs 3 per kg at the non-ferrous metal market today following rising demand from consuming industries at domestic spot market.

Traders said uptick in demand from consuming industries at the domestic spot market kept copper and nickel prices higher.

In the national capital, copper mixed scrap and nickel plate (4x4) advanced by Rs 2 and Rs 3 to Rs 355 and Rs 805-810 per kg, respectively.

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

Zinc ingot Rs 104-110, Nickel plate (4x4) Rs 805-810, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 355, chadri deshi Rs 295.
 

Lead ingot Rs 87, lead imported Rs 93, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.

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First Published: Dec 30 2016 | 2:28 PM IST

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