NEW DELHI: Copper prices strengthened by Rs 2 per kg on the local non-ferrous metal market today on sustained buying by stockists influenced by a rising trend in copper at the London Metal Exchange (LME).
The trading sentiment in copper remained firm after it climbed in London, as US consumer confidence rose and jobless claims declined in the world's biggest economy, improving the outlook for metals demand.
Meanwhile, cooper for delivery in three months gained 1.2 per cent to USD 7,627.25 per tonne on the LME.
In the national capital, copper mixed scrap remained in demand and advanced by Rs 2 to Rs 392 per kg.
The following are metal rates (in Rs per kg): Zinc ingot 127-133.50, nickel plate (4x4) 1,062-1,064, gun metal scrap 226, bell metal scrap 228, copper mixed scrap 392, chadri deshi 285.
Lead ingot 134, lead imported 132, aluminium ingots 125, sheet cutting 127, aluminium wire scrap 131 and aluminium utensils scrap 126.
