MUMBAI: Nickel and copper prices hardened further at the non-ferrous metal market here today on renewed demand from industrial users following a rising trend in the London Metal Exchange (LME).
Lead and aluminium also moved up on fresh buying from consumer industries. Meanwhile, tin prices dropped further owing to lack of industrial demand.
Nickel rose further by Rs 15 per kilo to Rs 1,130 from yesterday's closing level of Rs 1,115. Copper scrap heavy and copper utensils scrap firmed up by Rs 6 per kilo each to Rs 354 and Rs 336 respectively, as against Rs 348 and Rs 330 of previously.
Copper cable scrap, copper armiture and copper wire bar gained by Rs 5 per kilo each to Rs 358, Rs 349 and Rs 386 respectively. Copper scrap heavy moved up by Rs 4 per kilo to Rs 345 from Rs 341.
Lead and aluminium utensils scrap inched up by a rupee per kilo each to Rs 106 and Rs 91. However, tin declined by Rs 10 per kilo to Rs 950 from Rs 960 yesterday.
