Copper strengthens on rising demand

NEW DELHI, Jan 23:  Copper prices edged higher by Rs 2 per kg at the non-ferrous metals market today on increased buying by stockists on the back of rising demand from consuming industries.
However, other base metals held steady in thin trade.
Traders said increased buying by stockists, driven by rising demand from consuming industries and reports of a firm global trend mainly kept copper prices higher.
In the national capital, copper mixed scrap advanced by Rs 2 to Rs 349 per kg.
Following are today’s metal rates (in Rs per kg):
Zinc ingot Rs 98-104, Nickel plate (4×4) Rs 827-832, Gun metal scrap Rs 227, Bell metal scrap Rs 229, Copper mixed scrap Rs 349, Chadri deshi Rs 295.
Lead ingot Rs 80, lead imported Rs 86, aluminium ingots Rs 142, aluminium sheet cutting Rs 138, aluminium wire scrap Rs 138 and aluminium utensils scrap Rs 136. (PTI)