Copper strengthens on increased demand

NEW DELHI, Sept 27: Copper prices strengthened by Rs 2 per kg at the local non-ferrous metal market today due to increased demand from consuming industries.

Traders said increased demand from consuming industries and a report of a firm global trend mainly led to the rise in copper prices.

In the national capital, copper mixed scrap advanced by Rs 2 to Rs 433 per kg.

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

Zinc ingot 114-120, Nickel plate (4×4) 1,099-1,105, Gun metal scrap 227, Bell metal scrap 229, Copper mixed scrap 433, Chadri deshi 285.

Lead ingot 105, Lead imported 103, Aluminium ingots 166, Aluminium sheet cutting 167, Aluminium wire scrap 169 and Aluminium utensils scrap 166. (PTI)