Nickel Dips Highest Since October on Signs of China Slowdown

Bloomberg reported that nickel prices declined as much as 3.1% in London on signs of a weaker economic growth in China.

As quoted in the market news:

Nickel for delivery in three months slid 2.7 percent to $17,890 a metric ton by 5:27 p.m. on the LME. Prices fell as much as 3.1 percent, the most since Oct. 12, and dropped below the 34-day moving average at about $17,837.

Click here to read the full Bloomberg report.

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Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey’s Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Learn more about this world class deposit.

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