Metal rallies on global cues

Print this page Posted on : 02-17-2010 by recycleinme.com

Mumbai, Feb. 16

Metal prices rallied on the non- ferrous metal market on Tuesday on emergence of hectic buying from stockists triggered by a rising trend in London Metal Exchange ( LME). Nickel spurted by Rs 27 a kg to Rs 952 and tin hardened by Rs 25 a kg to Rs 915. Copper utensils scrap strengthened by Rs 9 a kg to Rs 321. Copper cable scrap, copper scrap heavy, copper wire bar and copper sheets cutting all rose by Rs 7 a kg each to Rs 352, Rs 347, Rs 380 and Rs 336 respectively. Zinc and lead moved up by Rs 3 a kg each to Rs 125 and Rs 111. Brass sheets cutting inched up by Re 1 a kg to Rs 252. — PTI

Source : Business Line