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Select base metals gains on good demand, global cues

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Press Trust of India Mumbai
Select base metals including copper, brass, lead, tin and nickel rose at the non-ferrous metal market here today on stockists buying amid good demand from industrial users.

Overseas, the base metals trading higher in early LME trade amid speculation that China's investment in fixed-asset projects will spur demand for raw materials.

Nickel spurted by Rs 10 per kg to Rs 720 from last Saturday's closing level of Rs 710.

Lead climbed by Rs 4 per kg to Rs 140 from Rs 136.

Copper cable scrap and copper wire bar rose by Rs 3 per kg to Rs 391 and Rs 419 as against Rs 388 and Rs 416.
 

Copper scrap heavy, copper armiture and tin all edged up by Rs 2 per kg to Rs 385, Rs 380 and Rs 1,312 from Rs 383, Rs 378 and Rs 1,312 last weekend.

Copper utensils scrap and brass sheet cutting also inched up by a Re per kg 359 and Rs 294 respectively.

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First Published: Mar 14 2016 | 5:22 PM IST

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