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Select base metals weakens on global cues

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Press Trust of India Mumbai
Select base metals prices weakened further at the non-ferrous metal market here today on sustained stockists selling amidst subdued demand from industrial users on the back of lower London Metal Exchange (LME) cues.

The industrial metals eased at the LME, to its lowest in four sessions on subdued buying ahead of the Federal Reserve's stimulus decision next week.

Tin fell by Rs 5 per kg to Rs 1,580 from Wednesday's closing level of Rs 1,585.

Copper cable scrap, copper armature and copper wirebar declined by Rs 3 per kg each to Rs 514, Rs 485 and Rs 542 from Rs 517, Rs 488 and Rs 545.
 

Copper scrap heavy, copper sheet cutting, aluminium ingots and zinc all softened by a rupee per kg each to Rs 502, Rs 479, Rs 150 and Rs 164 respectively.

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First Published: Sep 12 2013 | 5:13 PM IST

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