(Reuters) - Nickel prices fell more than five percent on Tuesday as worries about falling demand intensified after news that China may cut stainless steel output, while copper prices slipped.
Two-thirds of all nickel mined is used to make stainless steel. Expectations of strong demand from Chinese steelmakers had helped lift nickel for delivery in three months to an all-time high of $51,800 per tonne in May.
Read more at Reuters Africa
Two-thirds of all nickel mined is used to make stainless steel. Expectations of strong demand from Chinese steelmakers had helped lift nickel for delivery in three months to an all-time high of $51,800 per tonne in May.
Read more at Reuters Africa
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