Posted AT 5:10 PM EDT on 24/07/08
Nickel hits two-year low on weak demand
LONDON — Nickel fell to a two-year low below $19,000 (U.S.) a tonne Thursday on weakening demand from stainless steel mills, while copper slipped on growth fears.
Nickel for three-month delivery fell more than 6 per cent to $18,749 a tonne, its lowest level since June 2006, before recovering slightly to close at $18,800.
On Wednesday it closed at $20,000 a tonne, after falling 2.
The full text of this article has 535 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
