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Copper, zinc prices strengthen on global cues

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SummaryPrices of copper and zinc strengthened by Rs 2 per kg in the local non-ferrous metal market.

Prices of copper and zinc strengthened by Rs 2 per kg in the local non-ferrous metal market today on sustained buying by stockists in tandem with a firm global trend.

Traders said sustained buying by stockists in tandem with a firming global trend after industrial production in China, the worlds largest metals user, expanded and mainly helped copper and zinc prices to strengthen.

Meanwhile, copper rose 0.2 per cent to USD 8,072.25 a tonne on the London Metal Exchange.

In the national capital, copper and zinc ingot gained Rs 2 each to Rs 430 and Rs 121-125 per kg respectively.

The following are metal rates per kg: Zinc ingot 121-125, nickel plate (4x4) 1,067-1,070, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 430, chadri deshi 285.

Lead ingot 143, lead imported 141, aluminium ingots 132, sheet cutting 133, aluminium wire scrap 137 and aluminium utensils scrap 132.

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