Tuesday, July 10, 2007

Nickel Drops to Six-Month Low in London as Stockpiles Rise; Copper Falls

(Bloomberg) -- Nickel declined in London to the
lowest in almost six months as rising stockpiles of the metal
indicated a slowdown in demand growth. Copper fell from a two-
month high and zinc also dropped.

Inventories of nickel, used in stainless steel, increased
72 tons to 9,954 tons, the London Metal Exchange said today in a
daily report. They have soared 50 percent in 2007.


Read more at Bloomberg Commodities News

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