ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Nickel, copper prices sink on worries about China's economy

Speculators spurn nonferrous metals, seeing little stimulus from Beijing

Port workers check a copper shipment bound for Asia, at Valparaiso port in Chile.   © Reuters

TOKYO -- Speculators are ditching nonferrous metals, driving down prices for the vital industrial commodities as concerns about China's modest economic forecasts and the recent collapse of American banks cloud the global outlook.

International prices of nickel, used in construction materials and automobiles, have fallen almost to a four-month low. The prices of copper and aluminum, used in a wide range of applications such as electrical appliances, are near two-month lows.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more