| Nickel slumped to the lowest in over six weeks on Thursday after worries eased that an environmental crackdown on mines in the Philippines would create shortages of metal. Nickel had surged 32 percent from the beginning of June until it hit a one-year peak in early August as authorities in the Philippines launched a campaign to close mining operations that failed to meet environmental regulations.
"It did feel that the market got ahead of itself looking further ahead than it perhaps needed to," said Caroline Bain, senior commodities economist at Capital Economics...............................................Full Article: Source
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