| Copper reached eight-year highs, tin hit seven-year highs and nickel fourteen-year peaks on the London Metal Exchange (LME), igniting a rally in India. |
| Copper heavy scrap rose from Rs 156 to today's close of Rs 158, copper utensil scraps jumped from Rs 134 to Rs 136 and copper wire bar shot up from Rs 178 to Rs 181. |
| The price of tin slabs jumped from Rs 400 to Rs 425. Nickel cathodes declined from Rs 720 to Rs 712. |
| During last week the price of brass utensil scraps rose from Rs 101 to Rs 103 and brass sheet cutting appreciated from Rs 106 to Rs 108. Price of aluminium utensil scrap steady at Rs 81. |
| Aluminium ingots held steady at Rs 95. Price of zinc slabs edged up from Rs 73.5 to Rs 74. Lead ingots held stable at Rs 52. |
| On the National Multi Commodity Exchange (NMCE), no base metal except lead was traded during the week. Lead May futures was steady at Rs 46 on the two days it traded during the week. |
| Three months copper on London Metal Exchange (LME) rose to $3,014/3,019 a tonne from $3,004. Three months futures tin was trading at $7,950/8,000 from $7,860. Nickel prices were $200 higher at $14,350/425. |
| Aluminium was at $1,680/683 from $1,678 and was seen ranging between $1,650 and $1,705. Zinc climbed $3 to $1,147/150, while lead shed $3 to $873/876. |
| Meanwhile copper prices held above $3,000 a tonne in early trading on LME on Monday, caught between fund buying on supportive fundamentals but capped by hedge selling towards recent 8-1/2-year highs at $3,055, traders said. |
| Base metals prices strengthened in thin Asian trading with Chinese buying lifting copper. Tin continued higher, extending a fund-driven rally on sound fundamentals. |
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