Copper and nickel lose shine in China's construction slump

Worries rise about economic slowdown lingering longer than expected

20230818N aluminum bars REU

The price of aluminum, used in autos and construction, has slipped to a one-month low. © Reuters

SHINICHI ARAKAWA and MISA HAMA, Nikkei staff writers

TOKYO -- Prices of nonferrous metals such as copper and nickel are sliding as the market grows wary of a Chinese economy cooling further, undercutting demand in the construction sector and beyond.

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