NEW DELHI, Nov 20: Led by copper, select base metals recovered up to Rs 4 per kg on local non-ferrous base metals market today largely in tune with a firming global trend.
Traders said sentiments turned better as copper advanced in overseas markets after Federal Reserve Chairman Ben S Bernanke said the benchmark interest rate will remain low long after policy makers reduce bond purchases.
Meanwhile, copper for delivery in three months rose 0.7 per cent to USD 7,020 a tonne on the London Metal Exchange.
In the national capital, copper mixed scrap and nickel (4×4) recovered by Rs 2 and Rs 4 to Rs 436 and Rs 1,059-1,060 per kg, respectively.
Lead ingot and lead imported also traded higher by Rs 2 each to Rs 146 and Rs 144 per kg, respectively.
The following are today’s metal rates per kg:
Zinc ingot 113-119, nickel plate (4×4) 1,059-1,060 gun metal scrap 227, bell metal scrap 229, copper mixed scrap 436,chadri deshi 285.
Lead ingot 146,lead imported 144, aluminium ingots 152, Aluminium sheet cutting 153, aluminium wire scrap 155 and aluminium utensils scrap 152. (PTI)
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