Base metal prices recovered up to Rs 2 per kg in the local non-ferrous metal market on Wednesday largely in line with a firming trend in global markets.
Sentiment turned better as copper gained in global markets after China said it will help Europe resolve its debt crisis, boosting the growth outlook for the region.
Meanwhile, copper for three months advanced 0.8 per cent
to 8,485 dollar a tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel (4×4) recovered by Rs 2 each to Rs 393 and Rs 1,055-1,057
per kg respectively.
Zinc ingot, lead ingot and lead imported were also traded Re one each higher at Rs 121-127, Rs 131 and Rs 129 per kg
respectively.
The following are metal rates per kg: Zinc ingot 121-127, nickel plate (4×4) 1,055-1,057, gun metal scrap 226, bell metal scrap 228, copper mixed scrap 393, chadri deshi 285.
Lead ingot 131, lead imported 129, aluminium ingots 121, sheet cutting 123, aluminium wire scrap 127 and aluminium
utensils scrap 122.