Base metals firm up on rising demand, global cues

The prices of base metals, including copper, brass, aluminium, lead, tin and nickel, firmed up at the non-ferrous metal market here today on higher stockists buying amidst rising demand from industrial users.
Meanwhile, select copper cable scrap, wire bar, brass sheet cutting, aluminium utensils scrap and zinc fell due to subdued demand from consumer industries.
The industrial metals climbed in early trade, riding on optimism over the US economy and also prospects that China stands ready to support 7.5 per cent growth.
Nickel spurted by Rs 10 per kg to Rs 1,220 from Wednesday's closing level of Rs 1,210 and tin gained by Rs 5 per kg 1,585 from Rs 1,580.

Aluminium ingots rose by Rs 3 per kg to Rs 156 as against Rs 153 previously.
Copper scrap heavy and brass utensils scrap moved up by Rs 2 per kg to Rs 481 and Rs 330 as compared to Rs 479 and Rs 328 yesterday.

Copper armiture, copper utensils scrap and lead inched up by Re 1 per kg to Rs 467, 445 and Rs 142.
However, copper cable scrap, copper wire bar and zinc eased by Rs 3 per kg each to Rs 485, Rs 513 and Rs 172 from overnight close of Rs 488, Rs 516 and Rs 172.

Brass sheet cutting edged down by Rs 2 per kg to Rs 351 from Rs 353 and aluminium utensils scrap softened by Re 1 per kg to Rs 130.