Copper, nickel move up on global cues

Copper and nickel prices rose up to Rs 5 per kg on the local non-ferrous base metals market today largely on firm global trend.
Traders attributed the rise in copper and nickel to a firm global trend after copper rose to a four-month high on strong US economic data and as China maintained its growth trajectory, adding to signs of recovery in the biggest users, mainly influenced the sentiment.
Meanwhile, copper for delivery in three months advanced 1.5 per cent to USD 7,390 a metric tonne, the highest intra-day level since August 27 on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel (4x4) moved up by Rs 3 and Rs 5 to Rs 432 and Rs 1075-1076 per kg, respectively.

The following are today's metal rates per kg:
Zinc ingot 111-117, nickel plate (4x4) 1,075-1,076 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 432, chadri deshi 285.
Lead ingot 138,lead imported 136, aluminium ingots 150, Aluminium sheet cutting 151, aluminium wire scrap 153 and aluminium utensils scrap 150.