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Select base metals rise on global cues

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 9:33 PM IST

Tin and nickel prices rose at the non-ferrous metal market here today on consistent stockists as well as industrial demand support by overall bullish trend at the London Metal Exchange (LME).

Elsewhere, copper scrap heavy and copper armature also advanced owing to stray buying.

Meanwhile, aluminium ingots, zinc and lead declined on reduced offtake from consumer industries.

The industrial metals traded firm at the LME on the back of weakening dollar and tomorrow's Chinese consumer price index data.

Tin strengthened by Rs 13 per kg to Rs 1,550 from Monday's closing level of Rs 1,537 and nickel hardened by Rs 12 per kg to Rs 1,300 as compared to Rs 1,288 previously. 

Copper scrap heavy and copper armature also advanced by a rupee per kg each to Rs 451 and Rs 444 respectively.

However, aluminium ingots dropped by Rs 7 per kg to Rs 136 from its overnight closing level of Rs 143. Zinc moved down by Rs 2 per kg to Rs 124 and lead softened by a rupee per kg to Rs 126.

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First Published: May 10 2011 | 5:35 PM IST

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