Select base metals strengthen on positive global cues

Select base metals rose by Rs 2 per kg at the non-ferrous metal market today, tracking a firm global trend.
Traders said sentiments bolstered as industrial metals climbed in global markets after data showed China's economy grew faster than forecast on the back of government stimulus, boosting demand for the base metals.
Meanwhile, copper for delivery in three months increased 0.9 per cent to USD 5,617 a metric tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel plate (4x4) were up by Rs 2 each to Rs 400 and Rs 967-972 per kg, respectively.

Zinc ingot, lead inglots and lead imported also rose by a similar margin to Rs 114-120, Rs 108 and Rs 109 per kg respectively.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 114-120, Nickel plate (4x4) Rs 967-972, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 400, Chadri deshi Rs 285.
Lead ingot Rs 108, Lead imported Rs 109, Aluminium ingots Rs 156, Aluminium sheet cutting Rs 157, Aluminium wire scrap Rs 159 and Aluminium utensils scrap Rs 156.