Base metals up on firm on global cues

Base metal prices rose up to Rs 3 per kg at the local non-ferrous base metals market today on sustained buying by stockists in tandem with a firming global trend.
Traders said sustained buying by stockists in tandem with a firming global trend amid declining global inventories and before the release of US Federal Reserve meeting minutes later today, mainly boosted the sentiment.
Meanwhile, copper for delivery in three months climbed 0.3 per cent to USD 7,370 a tonne at the London Metal Exchange.
In the national capital, copper mixed scrap and zinc ingot advanced by Rs 3 and Rs 2 to Rs 430 and Rs 113-119 per kg, respectively.

Nickel (4x4) also traded higher by Rs 3 to Rs 1,075-1,076 per kg.
The following are today's metal rates per kg:
Zinc ingot 113-119, nickel plate (4x4) 1,075-1,076 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 430, chadri deshi 285.
Lead ingot 136, lead imported 134, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150.