Nickel declines on weak LME

Print this page Posted on : 06-07-2007 by recycleinme.com

Prices of nickel and tin declined moderately on the local non-ferrous metal market on Wednesday on lack of industrial demand coupled with lower advices from London Metal Exchange (LME). Nickel dropped by Rs.20 per kg to Rs.2,220 tin by Rs.10 per kg to Rs.710, lead by Re.1 to Rs.102 per kg and copper wire bar by Re.1 to Rs.389 per kg. Copper scrap heavy looked up to Rs.356 per kg from Rs.355 previously.

Source : Business Line