Copper, lead strengthen on increased industrial demand

Copper and lead remained firm and increased by Rs 2 per kg, in the wholesale non-ferrous metal market today on account of increased industrial demand amid a firm trend overseas.

Traders said increased industrial demand amid a firm global trend mainly pushed up copper and lead prices.

In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and added another Rs 2 each each to Rs 505, Rs 528 and Rs 488 per kg, respectively.

Lead ingot and imported followed suit and traded higher by Re 1 each to Rs 141 and Rs 144 per kg, respectively.

Following were today's quotations in Rs per kg:

Tin ingot 841, zinc ingot 131.50, nickel plate (4x4) 1,045-1,047, gun metal scrap 226, bell metal scrap 228, copper wire scrap 505, copper wire bar 528, copper mixed scrap 488, Utensil scrap 224, Chadripital 175

Lead ingot 141, lead imported 144, aluminium ingots 110, sheet cutting 111, aluminium wire scrap 110 and aluminium utensils scrap 107