Copper ends higher on industrial support

Copper prices moved up modestly in thin trade at the non-ferrous metal market in Mumbai on Monday on mild industrial support. Copper and brass utensil scrap both eased on lower offtake from consumer industries.

Copper armiture gained Rs 3 a kg to Rs 441 from Saturday's closing level of Rs 438. Copper cable scrap, copper wire bar and copper sheet cutting rose Rs 2 a kilo each to Rs 455, Rs 483 and Rs 436, respectively, from the close of Rs 453, Rs 481 and Rs 434.

Copper scrap heavy edged up by a rupee to Rs 448. However, copper and brass utensil scrap both softened by a rupee a kg each to Rs 420 and Rs 306 from last weekend’s close.