Base metals rise on global cues, increased demand

Prices of base metals rose by upto Rs 3 per kg at the non-ferrous metal market today following firm global trend coupled with increased demand from consuming industries amid firm global cues.
Traders said apart from a firm trend overseas, increased demand from consuming industries at domestic spot market, mainly led to the rise in prices of base metals.
Meanwhile, copper for delivery in three-month rose 0.5 per cent on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) rose by Rs 2 and Rs 3 to Rs 360 and Rs 823-828 per kg, respectively.

Zinc ingot, lead ingots and lead imported were up by Rs 2 each to Rs 103-109, Rs 85 and Rs 91 per kg, respectively.
Aluminium ingots, sheet cutting, wire scrap and utensils scrap too ended higher by Rs 2 each to Rs 158, Rs 154, Rs 154 and Rs 152 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 103-109, Nickel plate (4x4) Rs 823-828, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 360, chadri deshi Rs 295.
Lead ingot Rs 85, lead imported Rs 91, aluminium ingots Rs 158, aluminium sheet cutting Rs 154, aluminium wire scrap Rs 154 and aluminium utensils scrap Rs 152.