Copper, nickel fall on muted demand, global cues

Prices of copper and nickel fell by up to Rs 5 per kg at the non-ferrous metal market today owing to slackened demand from consuming industries amid weak global cues.
Traders said besides subdued demand from consuming industries at domestic spot market, a weak trend overseas mainly led to the decline in copper and nickel prices.
Globally, copper for delivery in three-month fell 0.9 per cent to USD 6,465 per tonne on the London Metal Exchange yesterday.
In the national capital, copper mixed scrap and nickel plate (4x4) were trading down by Rs 2 and Rs 5 to Rs 363 and Rs 780-790 per kg, respectively.

Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 110-116, Nickel plate (4x4) Rs 780-790, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 363, chadri deshi Rs 295.
Lead ingot Rs 114, lead imported Rs 120, aluminium ingots Rs 154, aluminium sheet cutting Rs 150, aluminium wire scrap Rs 150 and aluminium utensils scrap Rs 148.