Friday, August 3, 2007

Nickel Heads for 2nd Weekly Drop in London on Stockpile Gain; Lead Rises

(Bloomberg) -- Nickel headed for a second
consecutive weekly decline as stockpiles of the metal rise,
expanding supply. Lead increased and copper dropped.

Inventories of nickel tracked by the London Metal Exchange
grew 330 metric tons to 15,138 tons, the exchange said today in
a daily report. Stockpiles have risen fivefold since Feb. 6,
when they were at a 15-year low.


Read more at Bloomberg Commodities News

No comments: