Base metals gain on good demand

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 6:29 AM IST

The industrial metal traded bearish at the LME on investors selling, though economic recovery in China as well as hopes for Greek deal limited the losses.

Nickel advanced by Rs 5 per kg to Rs 1,070 from last Saturday's close of Rs 1,065 and copper sheet cutting climbed by Rs 4 per kg to Rs 465 from Rs 461.

Copper armature, brass utensils scrap and brass sheet cutting rose by Rs 3 per kg each to Rs 469, Rs 319 and Rs 328 from Rs 466, Rs 316 and Rs 325 previously.

Copper cable scrap, copper scrap heavy, copper utensils scrap, copper wire bar, zinc and lead all inched up by Re 1 per kg each to Rs 487, Rs 477, Rs 443, Rs 515, Rs 140 and Rs 125, respectively.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 26 2012 | 4:35 PM IST

Next Story