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Nickel leads drop in industrial metals for 2013 as supplies grow

Posted on 11 July 2013

Nickel is leading declines of the main industrial metals on the London Metal Exchange this year, with surpluses dragging down copper to aluminum and zinc.
Nickel production will exceed demand by 68,000 metric tons this year, and copper will have its first surplus since 2009, according to Standard Bank Group Ltd. Inventories of nickel in warehouses monitored by the LME rose 85 percent in the past year to a record, according to bourse data today. Aluminum and nickel are near four-year lows and copper last month was the cheapest in three years………………………………………..Full Article: Source


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