Copper, nickel slide on sluggish 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 fall in demand from consuming industries at domestic spot market, a weak trend overseas weighed on the copper and nickel prices.

Globally, copper for three-month delivery rolled down by 0.2 per cent to USD 6,840.00 per metric tonne on the London Metal Exchange.

In the national capital, copper mixed scrap and nickel plate (4x4) eased by Rs 2 and Rs 5 to Rs 436 and Rs 870-875 per kg, respectively.

Following are today's metal rates (in Rs per kg):