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Base metals ends mixed

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Press Trust of India Mumbai

Copper and select aluminium recovered modestly at the non-ferrous metal market here today on fresh demand from industrial users.

Meanwhile, tin, brass and lead declined owing to subdued offtake from alloy and consumer industries amidst bearish overseas advices.

The industrial metals extended its losses at the LME on uncertainty over Federal Reserve news conference and US-GDP data.

Copper utensils rose by Rs 4 per kg to Rs 427 from yesterday's closing level of Rs 423 and copper sheet cutting moved up by Rs 3 per kg to Rs 449 as against Rs 446.  

Copper cable scrap, copper armiture and copper wire bar edged up by Rs 2 each to Rs 471, Rs 455 and Rs 499, respectively. Aluminium utensils scrap also inched up by a rupee per kg to Rs 110. 

 

However, tin dropped by Rs 5 per kg to Rs 1,635 from Tuesday's closing level of Rs 1,640.   

Brass utensils scrap, brass sheet cutting and lead softened by a rupee per kg each to Rs 314, Rs 323 and Rs 127, respectively.

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First Published: Apr 27 2011 | 5:39 PM IST

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