NEW DELHI: Copper prices recovered by Rs 2 per kg on the local non-ferrous metal market today on fresh stockists buying in tandem with a firm global trend.
Buying activity in copper picked up after the metal rebounded from the lowest level in 20 months in global markets, after China's central bank was said to have made funds available to lenders amid a cash crunch.
Meanwhile, copper for delivery in three months rose 1.2 per cent to 6,849 dollar a metric tonne, after dropping to 6,692 dollar, the lowest since October 2011 on the London Metal Exchange.
In the national capital, copper mixed scrap recovered by Rs 2 to Rs 416 per kg.
The following are today's metal rates per kg: Zinc ingot 109-115, nickel plate (4x4) 1,037-1,040 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 416, chadri deshi 285.
Lead ingot 141, lead imported 139, aluminium ingots 144, sheet cutting 145, aluminium wire scrap 148 and aluminium utensils scrap 144.
