Nickel Drops as Inflation May Prompt Interest Rate Increases

Bloomberg reports that on Tuesday, nickel dropped on concern that rising inflation will lead China and the European Union to tighten monetary policy.

The market news is quoted as saying:

Central banks are focusing more on inflation as the world economy gathers strength and food and oil prices surge. The People’s Bank of China raised reserve requirements twice this year and increased lending and deposit rates once as part of the government’s efforts to rein in rising home and food prices.

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