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BS:Base metals decline on global cues
 
Base metals prices declined at the non-ferrous metal market here today due to stockist selling and lower industrial offtake on the back of bearish London Metal Exchange (LME) cues.

Meanwhile, select copper gained following better demand from consumer industries.

The industrial metals edged lower at the LME, as traders awaited a key US Federal Reserve policy decision that is expected to include further stimulus action to boost the world's largest economy.

Nickel dropped by Rs 5 per kg to Rs 1,075 from Wednesday's closing level of Rs 1,080 and Copper sheet cutting declined by Rs 4 per kg to Rs 471 from Rs 475.
Lead edged down by Rs 2 per kg to Rs 125 from Rs 127.

Copper armiture, copper utensils scrap and brass sheet cutting softened by Re 1 per kg each to Rs 475, Rs 447 and Rs 332, respectively.

However, copper cable and copper wire bar both gained by Rs 2 per kg to Rs 491 and Rs 519 from Rs 489 and Rs 517.

Copper scrap heavy inched up by a rupee per kg to Rs 484.
Source