Zinc, other base metals strengthen, tracking global cues

Taking positive cues from global market and pick up in industrial demand at the domestic spot markets, zinc, copper and other base metals strengthened at the non-ferrous metal market today.
Traders attributed persistent rise in base metal prices to a firming trend at the London Metal Exchange (LME) after Glencore Plc, the biggest miner of the metal, said on Friday that it plans to cut output by about a third.
Globally, zinc, used to galvanise steel, rose as much as 1 per cent to USD 1,855 per tonne, while copper rose by 0.60 per cent at the LME.
In the national capital, continuing its upward trend, zinc ingot rose by another Rs 4 to Rs 120-126 per kg, whole lead ingot and lead imported traded Rs 2 each higher at Rs 102 and Rs 108 per kg, respectively.

Also, copper mixed scrap firmed Rs 4 to Rs 377 per kg.
Following are today's metal rates (in Rs per kg):
Zinc ingot Rs 120-126, Nickel plate (4x4) Rs 909-914, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 377, Chadri deshi Rs 295.
Lead ingot Rs 102, Lead imported Rs 108, Aluminium ingots Rs 152, Aluminium sheet cutting Rs 148, Aluminium wire scrap Rs 148 and Aluminium utensils scrap Rs 146.