Base metals gain on sustain demand

Select base metals gained at the non- ferrous metal market here today on higher stockist buying amidst sustained demand from industrial users despite lower London Metal Exchange (LME) cues.
The industrial metals fell at the LME, after minutes of a Federal Reserve meeting showed officials could start to scale back commodities-friendly stimulus in the next few meetings if economic recovery stays strong.
Tin climbed by Rs 5 per kg to Rs 1,580 from Wednesday's closing level of Rs 1,575.
Lead looked-up by Rs 2 per kg to Rs 129 from Rs 131.
Copper cable scrap, copper scrap heavy, copper armature, copper wire bar, copper sheet cutting, brass utensils scrap and brass sheet cutting inched-up by Re 1 per kg each to Rs 500, Rs 493, Rs 478, Rs 528, Rs 473, Rs 343 and Rs 352, respectively.