Tuesday, March 06, 2007
Commodities: Nickel and copper lead a slump amid worry on growth
International Herald Tribune
Nickel and copper led a global slump in commodities Monday as tumbling share prices stoked concern that slowing Chinese and U.S. economic growth would curb demand for raw materials.
Nickel fell 3.7 percent, its biggest drop in a month, after stockpiles rose for a fourth consecutive session. Copper dropped 3 percent and oil fell almost 2 percent. Commodities climbed to record levels in May before ending lower last year.
Nickel and copper led a global slump in commodities Monday as tumbling share prices stoked concern that slowing Chinese and U.S. economic growth would curb demand for raw materials.
Nickel fell 3.7 percent, its biggest drop in a month, after stockpiles rose for a fourth consecutive session. Copper dropped 3 percent and oil fell almost 2 percent. Commodities climbed to record levels in May before ending lower last year.
