Copper strengthens on global cues

Copper recovered by Rs 4 per kg in the local non-ferrous metals market today on rising industrial demand amid a firming trend in overseas markets.

NEW DELHI: Copper recovered by Rs 4 per kg in the local non-ferrous metals market today on rising industrial demand amid a firming trend in overseas markets.

Meanwhile, copper for three-month delivery rose one per cent to USD 7,468 a tonne on the London Metal Exchange.

In the national capital, copper mixed scrap, recovered by Rs 4 to Rs 400 per kg.

The following are metal rates per kg: Zinc ingot 110-116, nickel plate (4x4) 1,047-1,050, gun metal scrap 226, bell metal scrap 228, copper mixed scrap 400, chadri deshi 285.

Lead ingot 134, lead imported 132, aluminium ingots 122, sheet cutting 124, aluminium wire scrap 128 and aluminium utensils scrap 123.
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