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Base metals rebounds on good demand, global cues

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Press Trust of India Mumbai
Last Updated : Feb 02 2013 | 1:32 PM IST

Meanwhile, select brass, lead and tin declined due to reduced demand from consumer industries.

Industrial metals were trading higher after hitting its lowest level in the previous session over hopes that leaders from G-7 nations will take action to ease the euro zone debt crisis.

Nickel spurted by Rs 15 per kg to Rs 1,075 from Monday's closing levels of Rs 1,060.

Copper scrap heavy looked up by Rs 5 per kg to Rs 471 from yesterday's close of Rs 466.

Copper cable scrap and copper armiture both gained by Rs 4 per kg each to Rs 479 and Rs 464 from Rs 475 and Rs 460.

Copper sheet cutting went up by Rs 3 per kg to Rs 458 from Rs 455 and Copper utensils scrap inched up by a rupee per kg to Rs 437.

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However, brass utensils scrap slipped by Rs 5 per kg to Rs 310 from Rs 315.

Tin slid by Rs 3 per kg to Rs 1,337 from Rs 1,340.

Lead softened by a rupee per kg to Rs 121.

  

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First Published: Jun 06 2012 | 4:16 AM IST

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