Select base metals rise on industrial demand, global cues

NEW DELHI: Select base metal prices rose by Rs 2 per kg on the local non-ferrous metals market on Friday on pick up in industrial demand amid a firm global trend.


Traders besides pick up in industrial demand, firm global trend amid concerns that an accident at the world's second-biggest mine may curb supply as the US economy shows signs of recovery mainly led to rise in select base metal prices.

Meanwhile,copper rose 0.3 per cent to $7,323.25 a tonne on the London Metal Exchange.

In the national capital, copper mixed scrap zinc ingot were up by Rs 2 each to Rs 418 and Rs 113-119 per kg, respectively.

Lead ingot and lead imported were also enquired higher by the same margin to Rs 136 and Rs 134 per kg, respectively.

The following were on Friday's metal rates per kg: Zinc ingot 113-119, nickel plate (4x4) 1,057-1,060 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 418, chadri deshi 285.

Lead ingot 136, lead imported 134, aluminium ingots 142, sheet cutting 143, aluminium wire scrap 146 and aluminium utensils scrap 142.