Copper and nickel prices rise on increased fresh demand

Mumbai, Aug 25 (UNI) Copper and nickel prices rose on increase of fresh demand, traders at the Bombay Metal Exchange (BME) said today.

In the ferrous segment, copper heavy and copper utensils hiked by Rs 300 and Rs 500 per quintal respectively on reduced stock supply.

In the non-ferrous category, copper wire bar increased by Rs 200 per quintal on improved demand.

Tin slab and nickel cathode went up by Rs four and Rs five per kg respectively on better buying support.

Following were the spot metal prices per quintal: Ferrous metals: Copper heavy - Rs 37,500, Copper utensils - Rs 32,500, Brass utensils - Rs 22,500, Brass cuttings - Rs 25,700 and Aluminium utensils - Rs 10,900.

Non-ferrous metals: Copper wire bars - Rs 41,300, Aluminium ingots - Rs 13,000, Zinc slab - Rs 19,100, Lead ingots - Rs 6,400, Tin slab - Rs 505 (per kg) and Nickel cathode - Rs 1,785 (per kg).

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