Base metals gains on industrial demand

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Press Trust of India Mumbai
Last Updated : Jan 24 2013 | 1:49 AM IST

Meanwhile, zinc softened due to reduced offtake from alloy industries.

Industrial metal slipped erasing its early gains at the LME as investors exercised caution ahead of a European leaders' summit aimed at resolving the region's debt crisis.

Nickel spurted by Rs 5 per kg to Rs 1,095 from Wednesday's closing level of Rs 1,090.

Copper scrap heavy and copper sheet cutting climbed by Rs 3 per kg each to Rs 475 and Rs 462 from Rs 472 and Rs 459.

Copper cable scrap, copper armiture and copper wire bar all went up by Rs 2 per kg each to Rs 482, Rs 467 and Rs 512 respectively.

Copper utensils scrap, brass utensils scrap, brass sheet cutting all inched up by a rupee each to Rs 444, Rs 317, and Rs 326.

However, zinc looked down by a rupee per kg to Rs 130.

  

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First Published: Jun 28 2012 | 5:05 PM IST

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