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Nickel hardens on steady demand, global cues

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Press Trust of India Mumbai
Last Updated : Mar 05 2014 | 4:53 PM IST
Nickel prices hardened at the non- ferrous metal market here today on heavy stockist buying amidst steady demand from alloy industries.
Elsewhere, tin, zinc, copper and brass also gained owing to sustained demand from industrial users.
The industrial metals were trading higher at the LME, hovered near one-week highs hit the day before as tensions in Ukraine appeared to ease a touch, with investor focus shifting to major economic events this week in China and the US.
Nickel surged by Rs 10 per kg to Rs 1,020 from Tuesday's closing level of Rs 1,010.
Tin climbed by Rs 5 per kg to Rs 1,585 from Rs 1,580.
Zinc moved-up by Rs 3 per kg to Rs 178 from Rs 175.
Copper cable scrap, copper scrap heavy, copper armature, copper wire bar, brass utensils scrap and brass sheet cutting inched-up by Re 1 per kg each to Rs 511, Rs 505, Rs 495, Rs 539, Rs 358 and Rs 368, respectively.

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First Published: Mar 05 2014 | 4:53 PM IST

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