Nickel joins as base metals slide

Nickel Investing News reports nickel prices fell with other base metals this week.

The sharp losses in futures values hit all the base metals as another round of fear spread through the markets. Copper also dropped for the fourth day, heading for the longest losing streak since December, after weak US manufacturing data strengthened the dollar and signaled to traders that demand remains weak. Global nickel inventories tracked by the London Metal Exchange have fallen 5.5 per cent since they rose to a 14-year high on April 30. Nickel for delivery in three months on the LME has risen 32 per cent in the same period.

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