(Bloomberg) -- Nickel fell from a record in London on speculation that makers of stainless steel will curb their purchases of the metal in favor of cheaper raw materials. Zinc and aluminum also dropped.
Stainless-steel producers including South Korea's Posco have said they will reduce nickel usage this year due after prices more than doubled in the past 12 months. Some producers are using so-called nickel pig iron, a cheaper alternative to refined nickel.
Read more at Bloomberg Commodities News
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