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Select base metals fall on global cues

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Press Trust of India Mumbai
Last Updated : Jan 25 2013 | 5:33 AM IST

Meanwhile, tin and select copper gained owing to fresh demand from alloy as well as consumer industries.

The industrial metals remained bearish at the LME on uncertainty over the strength of the global economy and ahead of US growth data later.

Nickel slumped by Rs 10 per kg to Rs 1,040 from Thursday's closing level of Rs 1,050.

Copper cable scrap and copper wire bar declined by Rs 3 per kg each to Rs 480 and Rs 508 from Rs 483 and Rs 511.

Copper scrap heavy and copper sheet cutting both eased by Rs 2 per kg to Rs 471 and Rs 457 as against Rs 473 and Rs 459 previously.

Brass utensils scrap and brass sheet cutting also softened by Re 1 per kg to Rs 318 and Rs 329.

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However, tin climbed by Rs 5 per kg to Rs 1,310 from overnight close of Rs 1,305.

Copper armature and copper utensils scrap inched up by Re 1 per kg each to Rs 464 and Rs 439, respectively.

  

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First Published: Oct 26 2012 | 4:25 PM IST

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