(Bloomberg) -- Nickel declined in London for a
second consecutive day on speculation stainless-steel makers will
continue to cut usage after an earlier price rally. Copper and
zinc also fell.
Nickel's 19 percent gain this year has made prices
``overheated,'' analysts including Tobias Merath at Credit Suisse
Group in Zurich said. Such increases have reduced usage among
stainless-steel producers, which account for two-thirds of
consumption worldwide, Merath said today in a phone interview.
Read more at Bloomberg Commodities News
second consecutive day on speculation stainless-steel makers will
continue to cut usage after an earlier price rally. Copper and
zinc also fell.
Nickel's 19 percent gain this year has made prices
``overheated,'' analysts including Tobias Merath at Credit Suisse
Group in Zurich said. Such increases have reduced usage among
stainless-steel producers, which account for two-thirds of
consumption worldwide, Merath said today in a phone interview.
Read more at Bloomberg Commodities News
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