Copper, Nickel hit multi year lows

Copper prices fell below $4,500 a tonne on the LME for the 1st time since May 2009, hit by rising inventories in China and the continuous strength of the US dollar.
Prices have fallen 32% YTD, and 55% from the peak of 10,000 in 2011.


Nickel slid as much as 5.7% to $8,235 a ton on the LME, the weakest level since 2003.


The iPath Bloomberg Nickel Subindex Total Return ETN (JJN) closed at a fresh record low after tanking 5.74% to $9.91 on Monday.



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