Select copper prices gain on global cues

Select copper prices gained at the non-ferrous metal market here today on stockist buying as well as firm industrial offtake on the back of higher London Metal Exchange (LME) cues.
Meanwhile, tin and nickel prices dropped on stockist selling following subdued demand from alloy industries.
The industrial metals climbed at the LME as some investors covered short positions, but remained on track to close down for the second straight week on worries over tepid Chinese demand growth and an early end to easy monetary policy by global central banks.
Copper cable scrap, copper scrap heavy, copper utensil scrap, copper wire bar and copper sheet cutting inched-up by a rupee per kg each to Rs 488, Rs 481, Rs 443, Rs 516 and Rs 463, respectively.

However, tin fell by Rs 15 per kg to Rs 1,340 from Thursday's closing level of Rs 1,355.
Nickel also declined by Rs 5 per kg to Rs 980 from Rs 985.