Nickel recovers on sustained demand

Nickel prices recovered smartly at the non-ferrous metal market here today on buying by stockists amid sustained demand from alloy industries.
Elsewhere, copper firmed up due to rising demand from industrial users amid higher global cues.
However, tin slipped on stockist selling following subdued offtake from consumer industries.
Globally, the industrial metal copper edged higher in early trade but stayed near four-week lows after weak US factory growth dragged on the dollar, easing pressure on commodity prices.
Nickel shot-up by Rs 15 per kg to Rs 975 from Wednesday's closing level of Rs 960.
Copper utensils scrap climbed by Rs 5 per kg to Rs 410 as against Rs 405 yesterday.

Copper scrap heavy and copper sheet cutting moved up by Rs 2 per kg each to Rs 438 and Rs 424 from Rs 436 and Rs 422.
Copper cable scrap, copper armiture, copper wire bar, and zinc inched-up by a Re per kg each to Rs 443, Rs 429, Rs 463 and Rs 180, respectively.
While, tin fell by Rs 5 per kg to Rs 1,275 as compared to Rs 1,280 previously.