(Bloomberg) -- Copper headed for the largest weekly decline in three months on speculation there will be an oversupply of the metal used in wires. Nickel and zinc gained.
Inventories of copper monitored by the Shanghai Futures Exchange rose 17 percent this week to a three-year high, according to exchange data. China is the largest copper- consuming nation. Copper futures in Shanghai dropped earlier to an eight-week low.
Read more at Bloomberg Commodities News
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