Sharp decline in nickel, tin

Print this page Posted on : 09-06-2007 by recycleinme.com

Prices of nickel, tin, copper and zinc declined sharply on the non-ferrous metal market on Wednesday due to lack of industrial demand coupled with lower advices from London Metal Exchange (LME). Nickel dropped by Rs.30 per kg to Rs.1,480, tin by 15 per kg to Rs.760, copper cable scrap by Rs.5 per kg to Rs.350, copper sheets cutting by Rs.5 per kg to Rs.345, copper wire bar by Rs.3 per kg to Rs.380, copper armature by Rs.2 per kg to Rs.344 and zinc by Rs.2 per kg to Rs.169. Copper utensils scrap, copper sheets cutting and lead also ended lower by Re.1 per kg Rs.313, Rs.340 and Rs.115 respectively.

Source : Business Line