Saturday, August 4, 2007

Nickel hits 10-mth low on weak demand, lead strong

(Reuters) - Nickel fell to a 10-month low on Friday as weak demand from the stainless steel sector prompted investors to cut their positions, while lead gained more than 3 percent after a strike in Namibia prompted speculative buying.

Base metals came under pressure in afternoon trade as stock markets slipped after U.S. data reignited worries about the health of the world's biggest economy.


Read more at Reuters Africa

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