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Nickel drops most in two weeks on China demand concerns

Posted on 16 April 2014

Nickel prices in London fell for the first time in two weeks, snapping the longest rally since 2010, as industrial metals slumped amid concern that the economy will falter in China, the world’s biggest consumer.
A report due tomorrow probably will show China’s gross domestic product expanded 1.5 percent in the first quarter, down from 1.8 percent in the fourth quarter, according to a Bloomberg News survey. Copper fell as much as 2.5 percent to below $3 a pound in New York, and aluminum dropped the most in more than a month in London………………………………………..Full Article: Source


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