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Nickel, tin spurt on persistent demand

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Press Trust of India Mumbai
Nickel and tin prices spurted in an otherwise mute non-ferrous metal market here today on heavy buying by stockists amidst persistent demand from alloy industries.

Elsewhere, select copper and brass prices edged up due to mild offtake from industrial users.

At the global market, copper in London was trading steady in early trade, holding up despite a steep drop in crude oil, on expectations that China could move to shore up its economy.

Nickel shot up by Rs 15 per kg to Rs 1,160 from last Saturday's closing level of Rs 1,145.

Tin rose by Rs 10 per kg to Rs 1,500 from Rs 1,490.
 

Copper armiture, copper utensils scrap and brass sheet cutting moved up by a Re per kg each to Rs 450, Rs 428 and Rs 338, respectively.

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First Published: Dec 15 2014 | 4:06 PM IST

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