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Copper strengthens on increased industrial demand

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Press Trust of India New Delhi
Copper prices rose by Rs 2 per kg on the local non-ferrous base metals market today on increased demand from consuming industries.

Other metals however, held steady for want of support.

Traders said increased demand from consuming industries mainly led to rise in copper prices.

In the national capital, copper mixed scrap rose by Rs 2 to Rs 431 per kg.

The following are today's metal rates per kg:

Zinc ingot 111-117, nickel plate (4x4) 1,070-1,071 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 431, chadri deshi 285.

Lead ingot 138,lead imported 136, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150.

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First Published: Dec 25 2013 | 3:45 PM IST

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