Nickel Extends Drop, Falls to 8-Month Low

Bloomberg reported that industrial metals continue to decline on the LME after economic data from the US and China raised concerns of a weakening demand.

As quoted in the market news:

Copper for delivery in three months fell as much as 0.9 percent to $7,135.75 a metric ton on the London Metal Exchange, before trading at $7,166 by 9:17 a.m. Shanghai time, putting it on course for the lowest close since October 2011. Zinc lost 0.9 percent and nickel slumped as much as 2.2 percent to $15,350 a ton, the lowest since Aug. 16.

Click here to read the full Bloomberg report.