NEW DELHI: Copper prices strengthened by Rs 2 per kg on the local non-ferrous metals market today on fresh buying by stockists in tandem with a firm global trend.
Traders said fresh buying by stockists and a firm global trend on speculations that an accelerating Chinese economy may raise demand, while optimism US lawmakers can reach an agreement on a budget boosted the outlook for base metal, influenced select metal prices.
Meanwhile, Copper for delivery in three months rose 0.3 per cent to USD 7,787 a tonne on the London Metal Exchange.
In the national capital, copper mixed scrap rose by Rs 2 to Rs 392 per kg.
The following are metal rates per kg: Zinc ingot 106-110, nickel plate (4x4) 1,034-1,037, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 392, chadri deshi 285.
Lead ingot 134, lead imported 132, aluminium ingots 128, sheet cutting 129, aluminium wire scrap 133 and aluminium utensils scrap 128.
