Thursday, May 24, 2007

Nickel steadier after sharp falls, vulnerable

(Reuters) - Nickel steadied on Thursday, after losing more than 10 percent in the past three days but analysts see scope for more selling as cutbacks at stainless steel mills and rising stocks weigh on prices.

Nickel for three months delivery on the London Metal Exchange edged down to $46,000/46,200 a tonne, down $200 from Wednesday, when it shed 4.1 percent.


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