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Nickel recovers on fresh demand

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Press Trust of India Mumbai
Last Updated : Jan 24 2013 | 1:49 AM IST

Meanwhile, copper scrap heavy moved down on reduced offtake from industrial users.

Industrial metals fell at the LME in the early trade on cautiousness about Spain's debt troubles, on hopes that Federal Reserve could offer more stimulus to the US economy helped support demand and limit fall in base metals.

Nickel rose by Rs 10 per kg to Rs 1,100 from Tuesday's closing level of Rs 1,090.

Zinc, brass utensils scrap and copper sheet cutting all inched up by a rupee per kg each to Rs 133, Rs 318 and Rs 464 respectively.

However, copper scrap heavy slipped by Rs 2 per kg to Rs 475 from Rs 477 previously.

  

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First Published: Jun 20 2012 | 5:05 PM IST

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