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Select base metals move up on industrial offtake

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Press Trust of India Mumbai

Meanwhile, tin, copper cable scrap and copper wire bar declined due to reduced demand from alloy as well as consumer industries.

Industrial metals gained at the LME from its 4-1/2 month low in the previous session, though cautiousness remained amid concerns over global economic weakness.

Aluminium ingots went up by Rs 3 per kg to Rs 139 from Wednesday's closing level of Rs 136.

Copper sheet cutting, brass utensils scrap, brass sheet cutting, aluminium utensils scrap and lead all inched up by Re 1 per kg each to Rs 464, Rs 316, Rs 325, Rs 114 and Rs 121, respectively.

 

However, tin dropped by Rs 5 per kg to Rs 1,340 from overnight close of Rs 1,345 and copper cable scrap and copper wire bar looked down by Re 1 per kg to Rs 488 and Rs 516, respectively.

  

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First Published: May 24 2012 | 4:55 PM IST

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