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Select base metals firm up on strong global cues

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Press Trust of India Mumbai

Select base metals firmed up at the non-ferrous metal market here today on persistent buying by stockists amidst bullish trend at the London Metal Exchange (LME). 

Meanwhile, copper armiture, zinc and lead eased on reduced offtake from consumer and alloy industries.

Tin prices hardened further by Rs 10 per kilo to 1,535 from its overnight closing level of Rs 1,525 and copper utensils scrap strengthened by Rs 9 per kilo to Rs 427 as against Rs 418.  

Nickel rose by Rs 5 per kilo to Rs 1,330 as compared to Rs 1,325 and copper scrap heavy gained by Rs 4 per kilo to Rs 461 from Thursday's closing level of Rs 457.

Copper cable scrap and copper wire bar both edged up by Rs 2 per kilo each to Rs 468 and Rs 496.

Copper sheet cutting and brass utensils scrap inched up by a rupee per kilo each to Rs 442 and Rs 311. However, Copper armiture, zinc and lead all softened by a rupee per kilo each to Rs 446, Rs 134 and Rs 118 respectively.

 

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First Published: Feb 04 2011 | 5:26 PM IST

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