Business Standard

Select base metals gains on industrial demand

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Press Trust of India Mumbai

Copper sheet cutting and brass utensils scrap eased further due to lower offtake from industrial users.

The industrial metal was trading slightly up at the LME on signs that a recovery in China's economic growth, although worries over Europe and the US kept gains confined.

Nickel surge by Rs 3 per kg to Rs 1,080 from Thursday's closing level of Rs 1,077.

Tin moved up by Rs 2 per kg to Rs 1,365 from Rs 1,363.

Brass sheet cutting, zinc and lead inched-up by Re 1 per kg each to Rs 330, 142 and Rs 125, respectively.

However, copper sheet cutting and brass utensils scrap softened by Re 1 per kg each to Rs 464 and Rs 318.

 

  

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First Published: Nov 30 2012 | 4:45 PM IST

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