Select base metals gains on industrial demand

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

Copper sheet cutting and brass utensils scrap eased further due to lower offtake from industrial users.

The industrial metal was trading slightly up at the LME on signs that a recovery in China's economic growth, although worries over Europe and the US kept gains confined.

Nickel surge by Rs 3 per kg to Rs 1,080 from Thursday's closing level of Rs 1,077.

Tin moved up by Rs 2 per kg to Rs 1,365 from Rs 1,363.

Brass sheet cutting, zinc and lead inched-up by Re 1 per kg each to Rs 330, 142 and Rs 125, respectively.

However, copper sheet cutting and brass utensils scrap softened by Re 1 per kg each to Rs 464 and Rs 318.

  

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First Published: Nov 30 2012 | 4:45 PM IST

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