Base metals decline on global cues

Base metals decline on global cues

Base metal prices fell by upto Rs 5 per kg at the non-ferrous metals market today, tracking a weak trend overseas amid easing demand from consuming industries.

Traders said apart from a weak trend overseas, fall in demand from consuming industries at domestic spot market, mainly led to the slide in base metal prices.

Globally, copper for delivery in three months fell 0.4 per cent to USD 6,954.50 per metric tonne on the London Metal Exchange.

In the national capital, copper mixed scrap and nickel plate (4×4) fell by Rs 2 and Rs 5 to Rs 425 and Rs 840-845 per kg, respectively. Read More

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