Copper rises by Rs 2 on global cues

Copper prices advanced by Rs 2 per kg at the non-ferrous metal market on Tuesday, largely on a firming trend overseas.

Traders said sentiment in copper remained firm as it rose after two days of losses in global markets on evidence that Chinese growth is stabilising and concerns over a build up in metal stockpiles eased.

Meanwhile, Copper for three-month delivery gained 1% to $4,557 a metric tonne on the London Metal Exchange. It touched a four-month low of $4,483.50 on Thursday.

In the national capital, copper mixed scrap rose further by 2 to Rs 376 per kg.

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

Zinc ingot Rs 98-104, Nickel plate (4x4) Rs 850-855, gun metal scrap Rs 227, Bell metal scrap Rs 229, copper mixed scrap Rs 376, chadri deshi Rs 295.

Lead ingot Rs 76, lead imported Rs 82, aluminium ingots Rs 155, aluminium sheet cutting Rs 151, aluminium wire scrap Rs 151 and aluminium utensils scrap Rs 149.