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

Speculators spurn nonferrous metals, seeing little stimulus from Beijing

20230315N copper shipment REU

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

YOSUKE KAWAJI, Nikkei staff writer

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.

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