News and Events

Business Standard reported that in a limited activity, nickel prices spurted at the non ferrous metal market June 27th on sustained stockist buying amidst heavy demand from alloy industries despite lower London Metal Exchange cues.

Elsewhere, select copper and brass prices edged up on better offtake from industrial users.

The industrial metals hovered to its lowest level at the LME, hurt by weak appetite for risk due to fears a liquidity crunch could curb economic growth in top consumer China .

Nickel shot up by INR 10 per kg to INR 975 from Monday's closing level of INR 965.

Copper cable scrap, copper armiture, copper wire bar and brass utensil scrap inched-up by a rupee per kg each to INR 483, INR 465, INR 511 and INR 325 respectively.

Source - Business Standard