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Prices of non-ferrous metals look up
By A Business Correspondent
Defying the general trend, non-ferrous metals are showing a firm trend in prices during the first quarter of the current calendar year. Aluminium prices rose by 3.47 per cent between January-April 2002 and are currently ruling at $1,370 per tonne. Prices had risen to as high as $1,438 per tonne during mid-March 2002.
Copper prices too maintained a firm trend during the first quarter. Copper prices made a gain of 11.91 per cent on the London Metal Exchange and are currently ruling at $1,601.5 per tonne, having peaking at $1,650.5 per tonne.
Not to be left behind, zinc prices inched up by 7.12 per cent and are presently hovering around $820 per tonne on the LME.
(16/4/02)
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