Copper, lead up on industrial demand

Posted By: Religare
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Copper, lead up on industrial demand
On May 21, 2011, as a result of the rise in the industrial demand in the local non-ferrous metal market, select base metals which also include copper and lead rose by Rs 3 per kg.

The copper wire scrap, copper wire bar and copper mixed scrap rose by Rs 3 each to Rs 508, Rs 531 and Rs 491 per kg, respectively while the lead ingot and lead imported rose by Rs 3 each to Rs 144 and Rs 147 per kg, respectively.

The quotations Rs per kg are tin ingot which stood at Rs 850, zinc ingot at Rs 136.50, nickel plate (4x4) at Rs 1,060-1,062, gun metal scrap at Rs 226 and bell metal scrap stood at Rs 228.

The copper wire scrap stood at Rs 508, copper wire bar at Rs 531, copper mixed scrap at Rs 491, Utensil scrap at Rs 224 and Chadripital stood at Rs 175.

Similarly, the lead ingot stood at Rs 144, lead imported at Rs 147, aluminium ingots at Rs 109, sheet cutting at Rs 110, aluminium wire scrap at Rs 110 and aluminium utensils scrap stood at Rs 107.

Moreover, the higher demand from the consuming industries like cable makers and battery manufacturing units also supported the prices of the metals.

Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity.

Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish.

It is used as a conductor of heat and electricity, a building material, and a constituent of various metal alloys.

Read more about: copper, commodities, metal, aluminium
Story first published: Monday, May 23, 2011, 13:30 [IST]
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