Select base metals recover on industrial demand, global cues

Nickel, tin, brass and select copper prices rebounded at the non-ferrous metal market here today on buying by stockists amid fresh demand from industrial users on the back of higher global cues.
On global front, industrial metal copper edged up at the LME in early trade, as traders took heart from an output cut in Chile and a revival in Glencore shares, but volumes shrank ahead of a week-long break in top consumer China.
Nickel and tin spurted by Rs 10 per kg each to Rs 820 and Rs 1,165 from Tuesday's closing of Rs 810 and Rs 1,155.
Copper utensils scrap climbed by Rs 5 per kg to Rs 378 as against Rs 373 yesterday.

Copper cable scrap, copper scrap heavy and copper wire bar rose by Rs 3 per kg each to Rs 410, Rs 405, and Rs 438 from Rs 407, Rs 402 and Rs 435.
Copper armiture, brass utensils scrap and brass sheet cutting edged up by a Re per kg each to Rs 395, Rs 299 and Rs 307, respectively.
However, lead softened by a Re per kg to Rs 122.