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Base metals decline on global cues

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Press Trust of India Mumbai
Last Updated : Jan 24 2013 | 2:10 AM IST

Meanwhile, select copper gained following better demand from consumer industries.

The industrial metals edged lower at the LME, as traders awaited a key US Federal Reserve policy decision that is expected to include further stimulus action to boost the world's largest economy.

Nickel dropped by Rs 5 per kg to Rs 1,075 from Wednesday's closing level of Rs 1,080 and Copper sheet cutting declined by Rs 4 per kg to Rs 471 from Rs 475.

Lead edged down by Rs 2 per kg to Rs 125 from Rs 127.

Copper armiture, copper utensils scrap and brass sheet cutting softened by Re 1 per kg each to Rs 475, Rs 447 and Rs 332, respectively.

However, copper cable and copper wire bar both gained by Rs 2 per kg to Rs 491 and Rs 519 from Rs 489 and Rs 517.

Copper scrap heavy inched up by a rupee per kg to Rs 484.

  

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First Published: Sep 13 2012 | 5:06 PM IST

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