Tin, nickel gain on good demand

Business

Mumbai, May 17

Tin and nickel gained at the non-ferrous metal market here today on stockists’ buying amid good demand from alloy industries.

Elsewhere, copper and brass were also marginally up owing to good demand from industrial users.

Tin recovered by Rs 40 per kg to Rs 1,520 from Wednesday’s closing level of Rs 1,480 and nickel firmed up by Rs 10 per kg to Rs 1,015 as against Rs 1,005.

Copper scrap heavy, copper armature, copper utensils, copper sheet cuttings, brass utensils scrap and brass sheet cuttings inched up per kg each to Rs 476, Rs 469, Rs 445, Rs 467, Rs 347 and Rs 363, respectively.

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