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Copper and nickel recovers on fresh demand

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Press Trust of India Mumbai
Prices of copper and nickel recovered at the non-ferrous market here today on stockists buying amid fresh demand from consuming industries.

Meanwhile, lead eased owing to mild offtake from consuming industries.

Nickel regained by Rs 5 per kg to Rs 700 from Thursday's closing level of Rs 695.

Copper cable scrap, copper wire bar and copper sheet cuttings moved up by Rs 2 per kg each to Rs 376, Rs 404 and Rs 360 as compared to Rs 374, Rs 402 and Rs 358 previously.

Copper scrap heavy and copper utensils scrap inched up by a Re per kg each to Rs 370 and Rs 342 respectively.
 

However, lead softened by a Re per kg to Rs 132.

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First Published: May 20 2016 | 4:48 PM IST

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