(Bloomberg) -- Nickel fell to the lowest in more
three months in London on signs that demand for the metal used
in stainless steel probably slowed while supply increased.
Orders for the metal to be withdrawn from London Metal
Exchange-monitored stockpiles dropped 8.6 percent to 444 metric
tons, exchange data, known as canceled warrants, showed today.
That brought the decline this month to 32 percent. Nickel
inventory has also jumped 90 percent so far in June.
Read more at Bloomberg Commodities News
three months in London on signs that demand for the metal used
in stainless steel probably slowed while supply increased.
Orders for the metal to be withdrawn from London Metal
Exchange-monitored stockpiles dropped 8.6 percent to 444 metric
tons, exchange data, known as canceled warrants, showed today.
That brought the decline this month to 32 percent. Nickel
inventory has also jumped 90 percent so far in June.
Read more at Bloomberg Commodities News
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