Base Metals Ease on Global Cues

MSNBC reports most of the base metals eased at the non-ferrous metal market amid bearish trend in LME.

The market news is quoted as saying,

Meanwhile, tin prices hardened further on heavy demand from alloy industries. Copper utensils scrap also moved up slightly on better offtake from consumer industries. The industrial metals reversed initial gains at the LME following lower equities on the back of continued economic concerns offsetting hopes of further US stimulus measures.

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