Copper recovers on industrial demand
Copper prices recovered by Rs 2 per kg on the non-ferrous metal market today on increased industrial demand.
By PTI | Updated:
NEW DELHI: Copper prices recovered by Rs 2 per kg on the non-ferrous metal market today on increased industrial demand.
However, other metals remained steady in thin trade in the absence of any encouraging factor as the London Metal Exchange is closed for 'Boxing Day' holiday.
Traders said increased industrial demand mainly led to rise in copper prices.
In the national capital, copper mixed scrap recovered by Rs 2 to Rs 413 per kg.
The following are metal rates per kg: Zinc ingot 113-117, nickel plate (4x4) 1,045-1,048, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 413, chadri deshi 285.
Lead ingot 141, lead imported 139, aluminium ingots 128, sheet cutting 129, aluminium wire scrap 133 and aluminium utensils scrap 128.
However, other metals remained steady in thin trade in the absence of any encouraging factor as the London Metal Exchange is closed for 'Boxing Day' holiday.
Traders said increased industrial demand mainly led to rise in copper prices.
In the national capital, copper mixed scrap recovered by Rs 2 to Rs 413 per kg.
The following are metal rates per kg: Zinc ingot 113-117, nickel plate (4x4) 1,045-1,048, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 413, chadri deshi 285.
Lead ingot 141, lead imported 139, aluminium ingots 128, sheet cutting 129, aluminium wire scrap 133 and aluminium utensils scrap 128.
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