Base metals rise on good industrial demand

Image
Press Trust of India Mumbai
Last Updated : Aug 28 2015 | 4:57 PM IST
Most of the base metals rose at the non-ferrous metal market here today on stockists buying amid good industrial demand as well as higher global cues.
Globally, industrial metal copper and zinc scored the biggest one-day gains in over two years in early trade after comments by US Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China.
Nickle climbed by Rs 10 per kg to Rs 825 from Thursday's closing level of Rs 815 and zinc gained Rs 5 per kg to Rs 158 as compared to Rs 153.
Copper cable scrap, copper armiture, copper wire bar and brass sheet cutting edged up by Rs 3 per kg to Rs 408, Rs 396, Rs 436 and Rs 308 as against to Rs 405, Rs 393, Rs 433 and Rs 305, respectively.
Copper scrap heavy, copper utensils scrap, copper sheet cuttings and brass utensils scrap moved up by Rs 2 per kg each to Rs 400, Rs 373, Rs 390 and Rs 300, 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: Aug 28 2015 | 4:57 PM IST

Next Story