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Nickle surges on rising industrial demand

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Press Trust of India Mumbai
Nickle prices surged further in an otherwise listless non-ferrous metal market here today on sustained stockists buying amid rising demand from alloy industries.

Copper also edged up owing to better offtake from industrial users.

On the global front, industrial metal copper slipped in early trade at LME as a stronger dollar clipped short-covering led gains from the previous session, while traders waited on signs of demand from the world's top copper user after last month's long holiday.

Nickle rose by Rs 5 per kg to Rs 1,045 from monday's closing level of Rs 1,040.

While, Copper cable scrap, copper scrap heavy and copper wire bar also inched up per kg each to Rs 440, Rs 436 and Rs 460 respectively.

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First Published: Mar 10 2015 | 4:22 PM IST

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