| Nickel fell on Thursday on concern about excess supply after a rise in inventories increased, with further pressure coming from a slide in Shanghai futures. Most other metals also declined, but losses were limited by a weaker dollar and the possibility that China could step up stimulus measures to boost economic growth.
Three-month nickel on the London Metal Exchange closed down 1.9 percent at $13,780 a tonne. LME nickel inventories MNISTX-TOTAL rose 2,310 tonnes to 443,352, close to a record high set at the end of last month, while lead stocks also increased MPBSTX-TOTAL, weighing on that metal's price.........................................Full Article: Source
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