Monday, July 23, 2007

Nickel Falls on Rising Stockpiles; Tin Rises, Matching Highest in 18 Years

(Bloomberg) -- Nickel fell for the first day in
four in London, paring last week's gains, on rising stockpiles
and speculation that producers will reduce usage of the metal.

Nickel stockpiles monitored by the London Metal Exchange
increased 492 tons, or 4.3 percent, to 11,838 tons, the exchange
said today in a daily report. Inventories have more than doubled
this year.


Read more at Bloomberg Commodities News

No comments: