Tuesday, June 12, 2007

Nickel drops some 5 percent, copper down on China

(Reuters) - Nickel dropped by over five percent on Tuesday and copper shed more than one percent as Chinese imports fell in May, analysts said.

Nickel for delivery in three months on the London Metal Exchange (LME) fell by 5.6 percent to hit $40,100 a tonne in early trade. By 1032 GMT it was indicated at $40,500/40,700 down by $2,000 against Monday's close.


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