Select base metals gains on renewed buying, global cues

Select base metals, including copper, zinc recovered, while nickel and tin firmed up at the non-ferrous metal market here today on renewed stockists buying amidst sustained demand from industrial users.
Meanwhile, brass, lead and copper utensil scrap eased due to lower offtake from consumer industries.
Globally, industrial metals hit its highest at the LME in early trade, and zinc approached its highest in almost three years, both propped up by shrinking supply and expansion in China's vast factory sector.
Tin and nickel shot-up by Rs 5 per kg each to Rs 1,595 and Rs 1,240 from Monday's closing level of Rs 1,590 and Rs 1,235.

Copper cable scrap and copper wire bar both climbed by Rs 4 per kg each to Rs 500 and Rs 528 from Rs 496 and Rs 524.
Copper armature and copper sheet cutting moved up by Rs 3 per kg each to Rs 478 and Rs 473 from Rs 475 and Rs 470.

Copper scrap heavy and zinc edged up by Re 1 per kg each to Rs 490 and Rs 182.
However, brass utensil scrap fell by Rs 3 per kg to Rs 333 as against Rs 336 yesterday.
Copper utensils scrap, brass sheet cutting and lead softened by Re 1 per kg each to Rs 455, Rs 354 and Rs 144.