Nickel Dips Highest Since October on Signs of China Slowdown

Bloomberg reported that nickel prices declined as much as 3.1% in London on signs of a weaker economic growth in China.

As quoted in the market news:

Nickel for delivery in three months slid 2.7 percent to $17,890 a metric ton by 5:27 p.m. on the LME. Prices fell as much as 3.1 percent, the most since Oct. 12, and dropped below the 34-day moving average at about $17,837.

Click here to read the full Bloomberg report.