Select base metals rise on consistent demand, global cues

Select copper, brass, aluminium, tin and nickel prices surged at the non-ferrous metal market here today on heavy stockists buying amid consistent demand from industrial users on the back of higher London Metal Exchange (LME) cues.
On the global front, industrial metal copper was trading higher in early trade at the LME, as worries about declining ore stocks in China set off a buying spree that traders said included purchases by consumers.
Nickel shot up by Rs 15 per kg to Rs 1,100 from Tuesday's closing level of Rs 1,085.
Tin rose by Rs 5 per kg to Rs 1,485 from Rs 1,480.

Aluminium utensils scrap climbed by Rs 3 per kg to Rs 137 as against Rs 134 yesterday.
Copper cable scrap, copper wire bar and brass sheet cutting moved up by Rs 2 per kg each to Rs 482, Rs 510 and Rs 343 from Rs 480, Rs 508 and Rs 341, respectively.
Copper scrap heavy, copper armature, copper utensils scrap and aluminium ingots all inched-up by a Re per kg each to Rs 473, Rs 455, Rs 432 and Rs 168.
However, copper sheet cutting, brass utensils scrap, zinc and lead all softened by a Re per kg each to Rs 451, Rs 328, Rs 185 and Rs 137, respectively.