(Bloomberg) -- Nickel fell for a second day in
London on speculation rising stockpiles signal slowing usage as
producers seek alternatives to the metal in stainless-steel
manufacturing. Copper also dropped.
Nickel inventories monitored by the London Metal Exchange
rose 1,446 metric tons, or 27 percent, to 6,834 tons, the
exchange said today in a daily report, the biggest one-day gain
since Sept. 11, 2003. ThyssenKrupp AG, the world's biggest
stainless steelmaker, said yesterday it may increase production
of nickel-free stainless steel to reduce costs.
Read more at Bloomberg Commodities News
London on speculation rising stockpiles signal slowing usage as
producers seek alternatives to the metal in stainless-steel
manufacturing. Copper also dropped.
Nickel inventories monitored by the London Metal Exchange
rose 1,446 metric tons, or 27 percent, to 6,834 tons, the
exchange said today in a daily report, the biggest one-day gain
since Sept. 11, 2003. ThyssenKrupp AG, the world's biggest
stainless steelmaker, said yesterday it may increase production
of nickel-free stainless steel to reduce costs.
Read more at Bloomberg Commodities News
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